US$188m Senior Term Loan Financing for Hyflux’s Qurayyat IWP in Oman
30 December 2015
Clifford Capital provided a $100m fixed-to-floating rate senior term loan financing for Hyflux’s Qurayyat IWP Project in Oman. The project comprised the design, development, construction and operation of a 200,000 m3/day desalination plant and is the first such project won by Hyflux as a lead Sponsor in the Middle East.
Clifford Capital supported Hyflux over the course of a highly competitive tender and added value by providing a differentiated long term financing structure alongside commercial banks which contributed to Hyflux’s winning bid.