A $350 million 5 6-year amortising facility for Apache PVG was signed on December 5 via mandated lead arrangers and bookrunners BNP Paribas and HSBC
The leads, together with arrangers Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia and Westpac, each committed $50 million BBVA and ANZ lent $40 million and $35 million respectively, while Standard Chartered Bank rounded out the group with a $25 million ticket
Secured by interests and shares in its oil fields and guaranteed by parent company Apache Corp, the revolver pays an interest of 100bp over Libor The commitment fee is 40% of the margin
Proceeds are to support the development of two oilfield projects in northwestern Australia
Crown...
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