Saudi Aramco is reportedly seeking to extend a $10-billion loan, according to Reuters, which cited unnamed sources familiar with the matter, who confirmed an initial report by a Reuters-related news outlet. Aramco took the loan from a group of banks last year in May to finance its acquisition of Sabic, the Saudi petrochemicals major, which cost the energy company some $69 billion and wrapped up in June 2020. The loan was supposed to be repaid from the proceeds of a bond that Aramco issued later last year. However, the company did not repay the…
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