Dow, Saudi Aramco JV Signs Loans For $19B Chem Complex

Law360, Los Angeles (June 17, 2013, 8:02 PM EDT) -- Sadara Chemical Co., a joint venture between Dow Chemical Co. and Saudi Arabian Oil Co., announced Monday it had completed the second phase of financing for its $19 billion petrochemicals production complex in Saudi Arabia's Eastern Province, signing a series of loan agreements worth $10.5 billion.

Sadara signed the agreements Sunday with Saudi Arabia's Public Investment Fund and a slew of Saudi and international commercial banks and export credit agencies, according to a statement. With $2 billion already in the project's coffers from a successful offering...
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