Egyptian General Petroleum Secures $1.3 Billion Syndicated Loan

Skadden represented The Egyptian General Petroleum Corporation, the state-owned Egyptian petroleum company, on a $1.3 billion pre-export financing, which closed December 29, 2014. The financing was raised though a syndicated bank facility. This was the first time the company had been able to raise long-term debt in the international bank markets since January 2011.