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Sasol secures USD1.8bn for Lake Charles project

June 11/2019

MOSCOW (MRC) -- JSE-listed petrochemicals company Sasol announced on Friday that its subsidiary Sasol Financing USA had entered into new US dollar-denominated senior unsecured credit facilities, comprising a USD1.6-billion term loan facility and a USD150-million revolving credit facility, as per Orazio.

The facilities have a tenor of five years and will be used to refinance the outstanding Lake Charles Chemical Project asset finance loan.

As MRC reported previously, in July 2018, Honeywell announced that Secunda Synfuels Operations, an operating division of Sasol South Africa Ltd., would use a Honeywell Connected Plant service to monitor the operating reliability of its two Honeywell UOP CCR Platforming units at its refinery in Secunda, South Africa.
Author:Margaret Volkova
Tags:petrochemistry, Honeywell, Sasol, USA, South Africa.
Category:General News
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