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The Kuwait-headquartered petrochemicals producer Equate Group is seeking a $300 million dual-tranche loan from Asian lenders, according to LPC.
Mizuho Bank is acting as coordinator, original mandated lead arranger, bookrunner and underwriter for the facility, which comprises a five-year portion and a seven-year tranche, LPC reported.
Commitments are due by March 6, with funds to be used for general corporate purposes.
In April 2025, the group raised a $500 million five-year syndicated loan that attracted close to a dozen banks, with Mizuho also acting as mandated lead arranger, bookrunner and underwriter on the deal.
In February 2024, Equate closed a separate $500 million syndicated loan led by MUFG.
Equate’s shareholders include The Dow Chemical Company and Kuwait’s Petrochemical Industries Company.
(Written by Farah Heiba; Edited by Bindu Rai)
