Aker BP extends bank facilities
Aker BP has secured new financing commitments that extend beyond the company’s current Revolving Credit Facility (RCF) to November 2028, with two extension options that have the potential to further extend the final maturity to 2030.
The new RCF is supported by core existing relationship banks, with the facility closing at USD 1.8 billion following over-subscription. The new RCF will seamlessly succeed the existing facilities upon maturity in 2026, ensuring that Aker BP has further extended its maturity profile.
The transaction was led by Co-ordinators Barclays Bank Ireland and DNB Markets.