Sapura Energy secures RM10.3bil debt refinancing

KUALA LUMPUR: Sapura Energy Bhd’s wholly owned subsidiary, Sapura TMC Sdn Bhd has executed multi-currency financing facilities agreements (MCF 2021) to refinance its existing borrowings.

In a statement Tuesday, Sapura Energy said the MCF 2021, signed with a consortium of Malaysian, regional and international banks, provided for financing with a combined value of approximately RM10.3 bil, for a tenure of seven years.