(Bloomberg) -- Saudi Basic Industries Corp., or
Sabic, the world's biggest chemicals maker by market value, is
seeking about $9.16 billion of loans and bonds to help finance
its acquisition of General Electric Co.'s plastics unit.
``We're talking to the banks now for $5.4 billion term
loans, $2.76 billion of bonds and a $1 billion revolver,'' Mutlaq
al-Morished, Saudi Basic's chief financial officer, said in a
phone interview from New York today. ``The rest of the GE deal
we'll pay from equity.''
Read more at Bloomberg Bonds News
Sabic, the world's biggest chemicals maker by market value, is
seeking about $9.16 billion of loans and bonds to help finance
its acquisition of General Electric Co.'s plastics unit.
``We're talking to the banks now for $5.4 billion term
loans, $2.76 billion of bonds and a $1 billion revolver,'' Mutlaq
al-Morished, Saudi Basic's chief financial officer, said in a
phone interview from New York today. ``The rest of the GE deal
we'll pay from equity.''
Read more at Bloomberg Bonds News
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