Sahara Energy Resource Limited (Isle of Man) has successfully closed a $225 million unsecured, committed Revolving Credit Facility (RCF) to support its global expansion and sustainability strategy. The oversubscribed facility reflects strong confidence from international financiers in Sahara’s business model and growth trajectory.
Backed by a syndicate of 19 leading international and regional banks, the facility was led by ING Bank N.V., UBS Switzerland AG, Natixis CIB, Banque Internationale de Commerce – BRED (Suisse) SA, and Afreximbank as initial Bookrunning Mandated Lead Arrangers (BMLAs).
New banking partners in the deal include First Abu Dhabi Bank PJSC, Commercial Bank of Dubai PSC, and ABSA Bank Limited, all joining as BMLAs. Nedbank Limited (London Branch) and Arab Banking Corporation SA joined as Lead Arranger and Arranger respectively.
Several banks from Sahara’s inaugural 2024 RCF reaffirmed their support, including Standard Bank (South Africa) and Ghana International Bank (BMLA level); Banque de Commerce et de Placements S.A., CA Indosuez (Switzerland) Ltd., Ecobank (EBI SA, Paris), and Société Générale (Mandated Lead Arranger level); and Bank of China Limited (Geneva Branch), UBAF, and Arab Bank Corporation SA (Arrangers).
Key roles included ING Bank N.V. as Bookrunner, Documentation Agent and Coordinator; Natixis as Bookrunner Information Memorandum Bank; UBS Switzerland AG as Facility Agent; and Afreximbank as Bookrunner.
“This facility strengthens our financial flexibility and supports our working capital, trade finance, and corporate needs,” said Nicolas Mignot, Chief Financial Officer of Sahara. “Its oversubscription underscores investor trust in our business and strategic direction.”
Francois Broussard of ING Bank added, “This refinancing and upsize is a vote of confidence in Sahara’s platform, and a valuable component of its funding strategy amid global uncertainties.”
The transaction follows Sahara’s $175 million inaugural RCF in 2024 and represents another key milestone in its commitment to operational excellence, energy security, and sustainable development.