Slaughter and May advised Sasol on the refinancing of its existing US$1.5 billion revolving credit facility and various bilateral credit facilities

Slaughter and May advised Sasol Limited, the South African chemicals and energy company, on the refinancing of its existing US$1.5 billion revolving credit facility and various bilateral credit facilities.  Sasol launched the transaction with a targeted facility size of US$3.0 billion, which was subsequently increased to US$3.9 billion, reflecting notable oversubscription by the bank group.  The new revolving credit facility has an initial maturity of five years, subject to two extension options of one year each.  

Citi and Mizuho Bank, Ltd. were mandated as Joint Global Co-ordinators for the transaction.