Slaughter and May advised the Kuwait Foreign Petroleum Exploration Company in relation to its new US$1,100,000,000 credit facility

26 Jul 2018

Slaughter and May advised the Kuwait Foreign Petroleum Exploration Company K.S.C., a wholly owned subsidiary of the Kuwait Petroleum Corporation, in relation to its new US$1,100,000,000 credit facility. The facility is for general corporate purposes and will support KUFPEC’s international expansion plans.

First Abu Dhabi Bank PJSC, Sumitomo Mitsui Banking Corporation DIFC Branch – Dubai, and Societe Generale acted as bookrunners. First Abu Dhabi Bank PJSC, Sumitomo Mitsui Banking Corporation DIFC Branch – Dubai, Societe Generale, Mizuho Bank, Ltd., Scotiabank Europe plc and First Abu Dhabi Bank PJSC, Kuwait Branch acted as mandated lead arrangers.  First Abu Dhabi Bank PJSC will act as agent.

International Legal Group, Kuwait, advised on Kuwaiti law matters.

Contacts

Financing: Philip Snell (partner) and Philippa Harris (associate)


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