Morocco: EBRD loan for SDX Energy

Issue 374 - 27 Jul 2018 | 1 minute read

AIM-listed SDX Energy has obtained European Bank for Reconstruction and Development (EBRD) funding for its gas network expansion plans. The company signed a three-year $10m reserves-based lending credit facility on 18 July to finance the expansion of upstream gas production and related gas transport infrastructure to customers in the Kenitra industrial zone. SDX said the loan had an “accordion” feature taking total potential availability up to $20m.

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