Synergy Consulting is honored to have acted as financial advisor to Chemanol on the signing of two financing facilities of SAR 695mn.

Synergy Consulting is honored to be acting as the lead advisor to Methanol Chemicals Company (“Chemanol”) in refinancing their existing debt of SAR 455mn as well as arranging SAR 240mn to fund the revamp of their plant. Refinancing at revised terms is expected to significantly lower the financing costs of the company. Additionally, Chemanol shall use the revamp tranche to fund the capex required to increase the capacity of its plant by ~30%. The debt arranged for a complete market risk project was raised on a project finance structure with 100% leverage for the revamp phase and a significant balloon payment was agreed as part of the repayment profile; which provides flexibility to Chemanol to manage its capital structure at its own discretion.