#Saudi Aramco prepares $10 billion loan for pipeline business buyers: sources | Reuters

Saudi Aramco prepares $10 billion loan for pipeline business buyers: sources | Reuters

Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant seeks to extract value from its assets in an era of lower oil prices.

Aramco 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, said the sources, speaking anonymously because the talks are private.

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

Aramco and Brookfield declined to comment. BlackRock and KKR did not respond to comment requests.