Qurayyat IWP

Qurayyat Integrated Water Project in Oman

US$185,000,000

Senior Secured Term Loan Facility

Initial Mandated Lead Arranger

December 2015

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.