Energy Risk Deals of the Year 2012: Lloyds's financing for Essar
Lloyds Bank organises $1.5bn secured borrowing base facility for Essar Energy
At a challenging time for the European refinery sector, Lloyds Bank helped organise working capital finance to support Essar Energy’s strategic purchase of its first UK-based refinery.
The deal, which took around five months to arrange, comprised a three-year $1.5 billion secured revolving facility for the operation of Stanlow refinery at Ellesmere Port in northwest England, purchased from Shell
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