LUXEMBOURG -- EIG Pearl Holdings S.à r.l., a holding company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of an ~$11.2 billion senior debt refinancing program with proceeds used to repay amounts drawn under an acquisition debt facility that was used to finance its June 2021 acquisition of a 49% interest in Aramco Oil Pipelines Company (“AOPC”).

EIG Pearl Holdings S.à r.l.’s pro forma capital structure includes ~$11.2 billion of senior secured public bonds and private debt facilities with a ~16 year remaining weighted average life and ~$1.9 billion of common equity invested in June 2021 to partially fund the initial acquisition.

The completion of this senior debt refinancing program further expands the participation of global capital providers in this transaction and underlying asset in the Kingdom of Saudi Arabia - ~$8.5 billion or ~65% of the total invested capital came from a global group of well-known institutional investors and lenders from the United States, China, Japan, Korea, the United Arab Emirates and other global institutions.