Lamnalco secures refinancing facility

Standard Chartered Bank, together with Rabobank and ING Wholesale Banking, have announced details of a US$125 million loan facility for Sharjah-based Lamnalco Group. Standard Chartered Bank acted as structuring bank for the facility, which was lead arranged by the three banks.

Lamnalco Group is a global provider of solutions to the marine terminal towage and associated marine service needs of the global oil and gas industry. It is jointly owned by Royal Boskalis Westminster and Rezayat Group.