The program financing structure was established by the Qatari company to fund the construction of 25 LNG tankers, each with a 25-year time charter as part of the LNG floating pipeline for RasGas and Qatargas.
Commenting on the deal, Muhammad Ghannam, managing director of Nakilat, said "this transaction once again demonstrates our outstanding capability to attract large amounts of financing expediently and efficiently... The strong relationship between these two Qatari companies is a natural fit with Nakilat as the world's largest LNG shipping company and QNB as one of the strongest banks in the world."
Latham & Watkins advised Nakilat on commercial and legal matters related to the refinancing, while Skadden, Arps, Slate, Meagher & Flom advised QNB.
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