TNK-BP Arranges Funding

摘要

Russian-UK joint venture TNK-BP announced Thursday it had signed a $2 billion unsecured loan deal with a group of 16 international banks, the largest debt transaction the company has made since it was formed in 2003. The three-year facility represents a dual tranche of $1 billion each. Th interest rate stands at 1.75% per annum above Libor, TNK-BP said in a statement. WestLB acted as a coordinator, as well as documentation and facility agent.