Aramco Oil Pipelines (Project Pearl)
CLIENT
Hassana Investment Company
LOCATION
Saudi Arabia
DATE
2021
VALUE
USD 12.4 billion
SERVICES PROVIDED
Financial Advisor
Aramco has signed a deal with a consortium led by EIG Global Energy Partners (“EIG”), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network.
TRIBE ADVISORY'S ROLE
Tribe’s mandate included:
Detailed review of the initial stapled financing package provided by Saudi Aramco from a commercial and financial perspective;
Assessment of the suitability of various other debt market and funding instruments applicable;
Identification of financing risks and mitigations from the Investor’s perspective;
Review of the hedging structure proposed and recommendations;
Review and commentary on refinancing risks and possibilities;
Review and benchmarking of the proposed bond market refinancing assumptions;
Review and commentary on the financial model with sensitivity analysis;
Review and commentary on the full form financing documentation; and
Inputs to the Transaction Documents from a commercial and financial perspective.
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