London, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The Prax Group ('Prax') - a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete
London, Sept. 12, 2023 -- The Prax Group - a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream - has announced the successful closing of a new privately placed c.US$300 million Term Loan Facility .
The Private Credit team at HSBC Bank plc acted as Sole Mandated Lead Arranger of the transaction. Funds managed by institutional investors including Chimera Abu Dhabi and Orchard Global Asset Management acted as lenders alongside HSBC. Ben Lahnstein, Group Chief Financial Officer, Prax, said:"The success of the transaction highlights the confidence our lending groups have in Prax and the depth of our banking and investor relationships. This latest funding has diversified our funding sources and strengthened our balance sheet. It provides us with a solid financial platform from which to execute future M&A activities, and deliver sustainable, profitable growth.
The new Facility will be used to refinance the maturing five-year term loan tranche from 2018, as well as for strategic acquisitions.About The Prax Group: Headquartered in the UK, the Prax Group is a British multinational, independent exploration and production, refining, storage, distribution and sales conglomerate dealing in petroleum products and bio-fuels.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
MDAX-Wert KION GROUP-Aktie: So viel Gewinn hätte ein frühes KION GROUP-Investment eingefahrenAnleger, die vor Jahren in KION GROUP-Aktien investiert haben, können sich über so viel Gewinn freuen.
Leer más »
- The Vanguard Group, Inc.: Horizon Therapeutics plcDJ Form 8.3 - The Vanguard Group, Inc.: Horizon Therapeutics plc The Vanguard Group, Inc. (IRSH) Form 8.3 - The Vanguard Group, Inc.: Horizon Therapeutics plc 11-Sep-2023 / 13:24 GMT/BST=----------------------------------------------------------------------------------------------------------------------
Leer más »
Fix Price Group PLC: Notification of PDMR transactionDJ Fix Price Group PLC: Notification of PDMR transaction Fix Price Group PLC (FIXP) Fix Price Group PLC: Notification of PDMR transaction 11-Sep-2023 / 15:54 MSK=----------------------------------------------------------------------------------------------------------------------
Leer más »
- The Vanguard Group, Inc.: Horizon Therapeutics plcDJ Form 8.3 - The Vanguard Group, Inc.: Horizon Therapeutics plc The Vanguard Group, Inc. (IRSH) Form 8.3 - The Vanguard Group, Inc.: Horizon Therapeutics plc 12-Sep-2023 / 12:53 GMT/BST=----------------------------------------------------------------------------------------------------------------------
Leer más »