Waha Capital secures $750m credit facility
Abu Dhabi, March 31, 2014
Abu Dhabi investment company Waha Capital had secured a new five-year $750 million credit facility, the company said on Monday.
The facility, comprising a term loan for $375 million and a revolving loan for the same amount, replaces the previous $505 million facility secured in 2011, it said in a bourse statement.
The deal was coordinated by HSBC and First Gulf Bank, with Emirates NBD Capital Limited, First Gulf Bank and HSBC acting as book-runners and mandated lead arrangers.
Waha Capital, the largest shareholder in New York-listed aircraft leasing firm AerCap Holdings, started looking for fresh financing in January, initially aiming for $700 million.-Reuters