Sahara Energy Resource Limited has successfully closed a $225 million unsecured and committed Revolving Credit Facility (RCF), signaling robust investor confidence in its business operations and long-term strategy.
In a statement issued Sunday, the company revealed that the facility was significantly oversubscribed, underscoring strong backing from the global financial community. This new credit line is expected to enhance Sahara’s financial agility, supporting its trade finance operations, working capital requirements, and other general corporate purposes across its international energy portfolio.
The RCF was anchored by a syndicate of 19 leading regional and international financial institutions. The initial Bookrunning Mandated Lead Arrangers (BMLAs) include ING Bank N.V., UBS Switzerland AG, Natixis Corporate & Investment Banking, Banque Internationale de Commerce – BRED (Suisse) SA, and the African Export-Import Bank (Afreximbank).
Joining them as new BMLAs were First Abu Dhabi Bank PJSC, Commercial Bank of Dubai PSC, and ABSA Bank Limited. Additionally, Nedbank Limited (London Branch) joined the transaction as a Lead Arranger, while Arab Banking Corporation SA participated as an Arranger.
Several banks that supported Sahara’s inaugural $175 million RCF in 2024 have also recommitted to this latest facility. These include Standard Bank (South Africa) and Ghana International Bank at the BMLA level; Banque de Commerce et de Placements (BCP), CA Indosuez (Switzerland) Ltd., Ecobank (EBI SA, Paris), and Société Générale at the Mandated Lead Arranger level. Other returning participants include Arab Bank Corporation SA, Bank of China Limited (Geneva Branch), and Union des Banques Arabes et Françaises (UBAF), who all returned as Arrangers.
The coordination of the transaction was led by ING Bank N.V., which also served as Bookrunner, Documentation Agent, and Coordinator. Natixis was responsible for the Information Memorandum and acted as Bookrunner, while UBS Switzerland AG took on the role of Facility Agent. Afreximbank also served as Bookrunner.
Nicolas Mignot, Chief Financial Officer of Sahara Energy Resource Limited, expressed satisfaction with the outcome of the transaction. “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,” he stated.
Francois Broussard, Head of Trade Commodity Finance Switzerland – Commodity Merchant Clients at ING Bank, also commented on the transaction, saying, “We are pleased to have renewed our support to Sahara, to successfully close the first refinancing and increase of their RCF. This speaks to the quality of the platform they have built over the years and the trusted relationships with their banking partners. The RCF adds another layer of liquidity, equipping Sahara to manage uncertain times and drive its ambitious growth journey.”
The closing of this $225 million facility follows Sahara’s $175 million debut RCF last year and marks another strategic step in the company’s pursuit of financial strength, operational excellence, and global expansion. As Sahara continues to scale its activities across the energy value chain, the company remains committed to enhancing both energy access and environmental sustainability.
