Israeli production company Isramco has closed a $500 million term loan to refinance its share of debt for the development of the offshore Tamar gas field.
The financing was arranged by Deutsche Bank, which also led an earlier $750 million bridge-funding operation for Isramco in 2011 which this deal refinances, and Natixis.
Deutsche Bank has arranged $1.25 billion in debt financing for Isramco’s share of Tamar. Barclays and HSBC are among other lenders who have recently supported the stakes of Delek Group subsidiaries in the Tamar project....
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