TNK-BP ENTERS INTO US$2.0 BN LOAN FACILITY AGREEMENT WITH A CLUB OF INTERNATIONAL BANKS
TNK-BP entered into a US$2.0bn unsecured dual tranche facility agreement with a club of international banks. The new facility is the largest debt transaction arranged by TNK-BP since inception. The maturity of the loan is 3 years and the interest rate is 1.75% per annum above LIBOR. The facility is …