Sasol Financing enters $1.8 billion five-year credit facilities

By Marisa Wong

Morgantown, W.Va., June 7 – Sasol Ltd. announced that wholly owned subsidiary Sasol Financing USA LLC entered into $1.8 billion of new five-year senior unsecured credit facilities, including a $1.65 billion term loan and a $150 million revolver.

Bank of America Merrill Lynch, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corp. are global coordinators, bookrunners and, along with BNP Paribas SA and Industrial and Commercial Bank of China Ltd., London Branch, mandated lead arrangers for the syndicated transaction.

Bank of China Ltd., Johannesburg Branch, China Construction Bank, Johannesburg Branch, Citibank, NA, Intesa Sanpaolo SpA, New York Branch, J.P. Morgan Securities plc and MUFG joined as lead arrangers.

The facilities will be used to refinance in full the company’s outstanding Lake Charles Chemical Project asset finance loan, according to a press release.

Sasol is a Johannesburg-based energy and chemical company.

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