Sino G&E’s debt facility to fund Ordos Basin projects

Sino Gas & Energy Holdings Ltd.

Sino Gas & Energy Holdings Ltd. has signed a term sheet with Macquarie Bank Ltd. to act as sole lender of a structured term debt facility of up to $50 million.

Proceeds are to be used to support Sino Gas’ payments of its share of cash calls by joint venture entity Sino Gas & Energy Ltd. (SGE) to fund SGE’s working interests in the Linxing and Sanjiaobei production sharing contracts (PSCs), located in the Ordos Basin, Shanxi Province, China.

 

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