{"id":80991,"date":"2023-12-04T00:00:00","date_gmt":"2023-12-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/"},"modified":"2023-12-04T00:00:00","modified_gmt":"2023-12-04T00:00:00","slug":"bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/","title":{"rendered":"Bapco Energies closes a USD 2.2 bn amend and extend transaction"},"content":{"rendered":"

Bahrain's Bapco Energies successfully closed a USD 2.2 bn <\/strong>amend and extend<\/a><\/strong>transaction of its dual-tranche sustainability-linked term facility<\/strong>, according to a statement<\/a> released last week. The transaction adds a USD 300 mn green shoe option<\/a>, bringing the total facility size to USD 2.5 bn.<\/p>\n

About the transaction: <\/strong>The transaction extended the maturity date from 2026 to 2030. The sustainability-linked KPIs, covering emissions intensity and health and safety, were amended to align with best practices and definitions of the International Association of Oil & Gas Producers (IOGP) and Bapco\u2019s newly issued sustainability-linked financing framework<\/a>.<\/p>\n

Advisors:<\/strong> Gulf International Bank and Mashreq acted as the initial mandated lead arrangers, bookrunners, and sustainability coordinators. Gulf International Bank, Mashreq, and Al Ahli Bank of Kuwait acted as the amend and restate exercise coordinators and underwriters. Gulf International Bank also acted as a facility agent, global agent, and murabaha investment agent.<\/p>\n","protected":false},"excerpt":{"rendered":"

The green shoe option brings the total facility size to USD 25 bn<\/p>\n","protected":false},"author":1,"featured_media":80992,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[82,1985,83,11],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-bahrain","tag-bapco-energies","tag-debt-watch","tag-enterpriseclimate","wpautop","entry"],"acf":{"mongo_id":"e54d249e-53df-4f01-9eaa-15494dac1aae","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1773.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bapco Energies closes a USD 2.2 bn amend and extend transaction","related_issue":[80977],"teaser":"The green shoe option brings the total facility size to USD 25 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.695c8f92-0fb6-47d7-b517-cdffe97e9da5.mp3"},"yoast_head":"\nBapco Energies closes a USD 2.2 bn amend and extend transaction - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bapco Energies closes a USD 2.2 bn amend and extend transaction\" \/>\n<meta property=\"og:description\" content=\"The green shoe option brings the total facility size to USD 25 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Bapco Energies closes a USD 2.2 bn amend and extend transaction\",\"datePublished\":\"2023-12-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/\"},\"wordCount\":152,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bahrain\",\"Bapco Energies\",\"DEBT WATCH\",\"EnterpriseClimate\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/\",\"name\":\"Bapco Energies closes a USD 2.2 bn amend and extend transaction - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-12-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bapco Energies closes a USD 2.2 bn amend and extend transaction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bapco Energies closes a USD 2.2 bn amend and extend transaction - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/","og_locale":"en_US","og_type":"article","og_title":"Bapco Energies closes a USD 2.2 bn amend and extend transaction","og_description":"The green shoe option brings the total facility size to USD 25 bn","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/","og_site_name":"Climate","article_published_time":"2023-12-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Bapco Energies closes a USD 2.2 bn amend and extend transaction","datePublished":"2023-12-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/"},"wordCount":152,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1","keywords":["Bahrain","Bapco Energies","DEBT WATCH","EnterpriseClimate"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/","name":"Bapco Energies closes a USD 2.2 bn amend and extend transaction - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1","datePublished":"2023-12-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/bapco-energies-closes-a-usd-2-2-bn-amend-and-extend-transaction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Bapco Energies closes a USD 2.2 bn amend and extend transaction"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1773.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-l4j","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/80991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=80991"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/80991\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/80977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/80992"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=80991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=80991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=80991"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=80991"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=80991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}