A Saudi company affiliated with the Saudi sovereign fund, along with other investors, is in the process of obtaining a loan of more than a quarter of a billion dollars to finance the acquisition of the American company DuPont Clean Technologies, banking sources said.
The sources added to CNBC Arabia, that the Saudi Arabian Industrial Investment Company Dussur and China's Asian Green Fund as well as Broad Peak Global have authorized Credit Suisse. As the lead coordinator for the loan of approximately $275 million.
Wadsur is a Saudi company wholly owned by the Public Investment Authority, Aramco and SABIC.
The value of the deal is about $510 million, meaning that the debt ratio in financing the deal is about 50%.
According to what the sources said, the funding that the investor alliance will receive will be in the form of a 5-year loan of $250 million in addition to a revolving loan estimated at $25 million in duration. 3 years.
It is expected that the banks that will finance the acquisition will be disclosed in the first week of next September, according to a source.
