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CORRECTED-Qatar's Nebras Power says signs $430 mln revolving credit facility
December 21, 2016 / 10:58 AM / a year ago

CORRECTED-Qatar's Nebras Power says signs $430 mln revolving credit facility

(Corrects loan amount to $430 mln from $420 mln in first paragraph)

DUBAI, Dec 21 (Reuters) - Nebras Power, majority owned by Qatar Electricity and Water Company, has signed a $430 million debut revolving credit facility led by Sumitomo Mitsui Banking Corporation, the company said on Wednesday.

The four-year loan transaction will be used to strengthen the company’s capital structure and to provide long-term financial flexibility, the statement said. HSBC and Mizuho were also involved in the loan.

Nebras Power owns and operates power generation projects in Qatar. It is 60 percent-owned by Qatar Electricity and Water. (Reporting by Davide Barbuscia, editing by Louise Heavens)

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