Seplat raises US4260m debt fund from financial services to complete its ANOH project

NIGERIA – Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, announces that its Incorporated Joint Venture, the ANOH Gas Processing Company (AGPC), has successfully raised US$260 million in debt to fund completion of its ANOH Gas Processing Plant (ANOH). The seven banks agreed to provide US$260 million of debt for the ANOH gas processing plant. The cash was raised via an incorporated joint venture, ANOH Gas Processing Co. (AGPC). The total construction cost for the…

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