Saudi Aramco plans $10 bln loan for pipeline business buyers: report

Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, Reuters reported, citing three sources.

The Saudi oil giant is in talks with banks to provide “staple financing”, which is a financing package provided by the seller that buyers can use to back their purchase.

International investors, including BlackRock, KKR and Brookfield Asset Management, which could invest in the pipeline business, are also in talks with lenders on possible financing, the sources said.

The loan could be up to $10 billion, said two of the sources, covering much of the assets’ value.