Energean has signed a 10-year, senior-secured term loan with Bank Leumi for $750m.
Source: Sharecast
The term loan will be available to refinance the 2026 Energean Israel Limited Notes and provide additional liquidity for the Katlan development.
It has a 12-month availability period, during which multiple drawdowns can be made, providing flexibility to optimise finance costs, Energean said on Monday. Up to $475m is available in US dollars and up to $275m in New Israeli Shekel.
Reporting by Frank Prenesti for Sharecast.com
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