The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Citigroup, Others Arrange $500MM Revolving Facility for Pacific Drilling
Lenders/Participants
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Citigroup Global Markets [Joint Lead Arranger, Joint Bookrunner, Syndication Agent] Standard Chartered Bank [Joint Lead Arranger, Joint Bookrunner] DNB Markets, Inc. [Joint Lead Arranger] Nordea Bank Finland, London Branch [Joint Lead Arranger]
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Structure
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Revolver
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Amount
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$500.000
Million
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Borrower(s)
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Pacific Drilling
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Description
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A revolving credit facility with an aggregate principal amount of up to $500 million. The revolving credit facility has a maturity date of five years after the delivery date of the Pacific Zonda. Borrowings under the revolving credit facility bear interest at LIBOR plus a margin ranging from 1.75% to 2.5% based on the company’s leverage ratio. No amounts were drawn under this revolving credit facility in connection with the closing of the transaction.
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Industry
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Energy
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Related Tags |
Citigroup Global Markets, DNB Markets, Standard Chartered Bank
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ABL Advisor
Deal Tables
2024
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