The new facility, maturing in five years, was arrangedby the Danish oil and shipping giant itself and refinances a $6.75bn facility maturingin 2015.
Maersk says it proactively addressed its upcomingrefinancing to take advantage of current favourable conditions in the globalbank loan market and reduce its financial costs.
"We have received strong support from our globalrelationship banks who all participate in the transaction. The facility wasoversubscribed and we are very pleased with the terms and conditions,” said JanKjaervik, head of group finance and risk management.
The new facility has options to be extended by up totwo years and will be used for general corporate purposes.
The banks that took part as mandated lead arrangers were:Bank of America Merrill Lynch International, The Bank of Tokyo-Mitsubishi UFJ,Barclays Bank, BNP Paribas, Citi, Commerzbank Aktiengesellschaft, Danske Bank,HSBC Bank, Nordea, The Royal Bank of Scotland, Santander Global Banking &Markets, SEB and Svenska Handelsbanken.
Crédit AgricoleCorporate and Investment Bank, Deutsche Bank Luxembourg, DNB, ING Bank, J.P.Morgan, SMBC, Société Générale and Standard Chartered Bank, joined as lead arrangers,and Danske Bank acted as documentation bank and agent.
