Saipem €554 million financing

6/7/2016

Financing

Value:

€ 554 million

Dollar value:

$ 613.414 million

Status:

Completed

Date:

6/7/2016

Overview:

Saipem, the Italian oil and gas contractor, has taken out €554 million in new financing.
Citibank acted as arranger.
The funds will be used to finance the acquisition of new equipment and pay down debt.
The first tranche of the loan will be available in July 2016.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Financing

Practice area:

Banking

Governing law:

Italy

Industry sector:

Oil and gas

Firms:

Chiomenti

Party: Saipem (Borrower)

Lawyer: Giorgio Cappelli

Linklaters

Party: Citibank (Arranger)

Lawyer: Tessa Lee

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