JPMorgan, HSBC, National Bank of Kuwait, and Kuwait Finance House have assembled a $6 billion financing syndicate for prospective buyers of a stake in KPC's crude oil pipeline network, estimated to be worth $7 billion. The 20 year loan carries indicative pricing of 170 basis points over the secured overnight financing rate. KPC pushed the preliminary bid deadline back to April 28 from April 7 after investors demanded more time due to the conflict, and investors are now seeking explicit guarantees against volume disruption risks tied to Hormuz and the pipeline network itself. The fact that a major financing package is being assembled despite KPC declaring force majeure and suffering infrastructure damage signals that global capital markets still view Kuwait's pipeline network as a long-term bankable asset, though the war premium is clearly priced in.