Goldman Sachs, HSBC and Fortress Investment Group are backing a $150 million private credit financing for Saudi Arabia’s United Saudi Company, according to reports. The deal is described as a rare large-scale private credit transaction involving major international lenders.

Quartz and Bloomberg link the financing to broader conditions in the region, noting it is among the first such arrangements since the U.S.-Iran war began in February. Bloomberg frames the partners as financial heavyweights collaborating on a leading example of this activity. Seeking Alpha also reports the $150 million financing arrangement, adding that the parties are partnering on the United Saudi Company transaction.

While the core deal details are consistent across outlets, the emphasis varies: some foreground the international banking and investment firms involved, while others situate the transaction in the post-February regional conflict environment and its impact on cross-border lending.