Abu Dhabi National Oil Co. is considering lining up more than $10 billion in debt financing from local and international banks as it moves forward with its roughly $19 billion pursuit of Australian fossil fuel producer Santos Ltd., according to people familiar with the matter.
The debt package is led by JPMorgan Chase & Co., which is also the financial adviser to the Adnoc-led group, the people said, asking not to be identified because the process is private. Discussions between Adnoc and Santos are progressing as they seek to reach a binding agreement by Sept. 19, when the ...
