Nigeria: Seplat Secures U.S.$1 Billion Debt Re-Financing Facility

19 January 2015

A Nigerian oil company, Seplat Petroleum Development Company Plc (Seplat), has said it has successfully refinanced its existing debt facilities with a new $700 million seven-year secured term facility and US$300 million three-year secured revolving credit facility.

According to the weekly report of the Nigerian Stock Exchange (NSE), the listed oil firm told the NSE that the seven-year facility also included an option for the company to upsize the facility by up to an additional $700 million for qualifying acquisition opportunities.

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