Sahara Energy Resource Limited has successfully closed a $225m unsecured, committed Revolving Credit Facility, marking a significant milestone in its commitment to operational excellence and robust financial stewardship.
The firm stated in a statement on Sunday that the facility was significantly oversubscribed, highlighting the international financial community’s confidence in Sahara’s business model, performance, and strategic vision.
According to the Chief Financial Officer of Sahara Energy Resource, Nicolas Mignot, “We are extremely pleased with the strong support received from both new and existing banking partners.
“The oversubscription of this facility is a testament to the strength of our relationships, the resilience of our business model, and the continued trust in Sahara’s growth strategy.”
The RCF enhances Sahara’s financial flexibility, supporting its ongoing working capital needs, trade finance activities, and general corporate purposes across its global energy operations.
The Head of Trade Commodity Finance Switzerland at ING Bank, Francois Broussard, praised Sahara’s platform quality and trusted banking relationships, stating, “We are pleased to have renewed our support to Sahara. This is a testimony to the quality of the platform they have built over the years.”
This transaction marks another milestone for Sahara, following the successful closure of its $175m inaugural RCF in 2024. The company continues to expand its footprint across the global energy value chain, enhancing energy security and environmental sustainability.
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