Saudi Aramco is seeking a 12-month extension on a $10bn loan initially taken out for an original 12-month period last May, Reuters reports.
The facility with JP Morgan, HSBC and local lenders was taken out to help fund the $69.1bn purchase of a 70% stake in Sabic, which completed the following month (MEES, 19 June 2020). (CONTINUED - 114 WORDS)