BlackRock Said to Get $10 Billion Financing for Aramco Deal (3)

A group led by BlackRock Inc.’s Global Infrastructure Partners unit has arranged a roughly $10 billion financing package for its planned investment in Saudi Aramco natural gas infrastructure, people familiar with the matter said.

The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market, the people said. It also includes a 19-year loan facility, according to the people, who asked not to be identified because the information is private.

The loans are set to support the GIP consortium’s investment in the midstream infrastructure assets at Aramco’s giant Jafurah gas project, ...