Maaden secures first $1B international syndicated loan facilities

Saudi Arabian Mining Co. (Maaden) completed the necessary arrangements to secure its first international syndicated term loan and revolving credit facility, with a combined value of $1 billion.

The deal attracted strong support from the international banking sector, with commitments from leading banks across major financial markets in the US, Canada, Europe, China and Japan, while demand significantly exceeded the targeted amount.

The facilities will help Maaden diversify its funding sources and expand its access to global capital markets as it continues to pursue its long-term growth ambitions.

The $500 million international term loan will support Maaden’s growth plans, strategy and general corporate purposes, including growth projects across its various business areas and sectors.

The $500 million revolving credit facility, which is expected to remain undrawn, will provide additional committed funding capacity as Maaden continues to expand its business and execute its long-term growth strategy.