Ma’aden Secures $1B International Syndicated Loan Facilities
Ma’aden has secured its first $1 billion international syndicated term loan and revolving credit facility, comprising a $500 million term loan and a $500 million revolver. The term loan will fund growth plans and general corporate purposes, while the revolver is expected to remain undrawn, adding committed capacity. Bank commitments from the US, Canada, Europe, China and Japan exceeded the targeted amount.