30/06/2011
WestLB arranges Tatneft’s first fixed rate unsecured
WestLB arranges Tatneft’s first fixed rate unsecured
USD 550 million credit facility
On the back of arranging the successful follow-up jumbo USD 2 billion Pre-Export Facility of last year, WestLB acted again as joint co-ordinating MLA, documentation agent as well as facility agent, in a new unsecured USD 550 million club loan facility for Russia’s sixth-largest oil company Tatneft.
The substantially over-subscribed club facility is Tatneft’s first unsecured credit facility, which was used to provide additional financing for Tatneft’s high profile refinery and petrochemical project (Taneco) in Tatarstan, Russia.