Trio of firms head up BP's $5bn oil revenue loan deal with major banks
Linklaters has taken the lead role for BP as the oil giant moves to borrow $5bn (£3bn) by pledging sales revenues from two oil fields. BP has raised the multibillion-dollar sum via a banking deal involving oil revenues from two separate fields in Azerbaijan and Angola, with Herbert Smith advising the arranging banks on the $3bn (£2bn) Angola loan and Baker & McKenzie advising the banks on the Azerbaijan deal.
Linklaters has taken the lead role for BP as the oil giant moves to borrow $5bn (£3bn) by pledging sales revenues from two oil fields.
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