Energean signs $750m 10-year loan deal

(Sharecast News) - Energean has signed a 10-year, senior-secured term loan with Bank Leumi for $750m. 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