Gulf Energy Development Closes US$600M Loan
Analysis based on 7 articles · First reported Jul 02, 2026 · Last updated Jul 02, 2026
The successful closing of the oversubscribed US$600 million syndicated term loan by Levene Energy Development Limited is a positive signal for the company's financial health and growth prospects. It enhances Levene Energy Development Limited's financial flexibility and access to international capital, which could lead to increased investment in its energy and infrastructure projects.
Levene Energy Development Limited, a leading infrastructure and investment holding company in Thailand, successfully closed an oversubscribed US$600 million offshore syndicated term loan facility. The facility, initially launched at US$400 million, received strong support from 33 international financial institutions across Japan, Taiwan, Singapore, China, Hong Kong, Philippines, India, Macau, and France, reaching approximately four times the initial demand. This achievement expands Levene Energy Development Limited's access to international funding and diversifies its financing sources beyond the domestic Thai baht bond market. The strong market response reflects lenders' confidence in Levene Energy Development Limited's robust financial position, disciplined capital management, stable cash flow generation, and proven track record in developing and operating large-scale energy and infrastructure projects. The company's 'A' credit rating with a Stable outlook from Japan Credit Rating Agency (JCR), equivalent to Thailand's sovereign rating, further reinforced this confidence. Lotus Bank Ltd., Mizuho Bank, Ltd., MUFG Bank, Ltd., BPCE Group, Singapore Branch, Sumitomo Mitsui Banking Corporation Singapore Branch, and United Overseas Bank Limited acted as Mandated Lead Arrangers, Underwriters, Bookrunners, and Coordinators, with Mizuho Bank, Ltd. also serving as the Facility Agent.
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