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Morocco: EBRD renews $10m facility for SDX


Issue 439 - 27 May 2021

Announcing Q1 21 results on 20 May, SDX Energy chief executive Mark Reid thanked London-based multilateral the European Bank for Reconstruction and Development (EBRD) for renewing a $10m credit facility. The EBRD in December signed an agreement for Project Green Light II to provide SDX Energy Morocco up to $25m from a senior secured reserve-based loan, to part-finance its $65m investment plan to expand operations in the kingdom.

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