Now Reading
Abu Dhabi’s Waha Capital Secures $750m Credit Facility

Abu Dhabi’s Waha Capital Secures $750m Credit Facility

The facility replaces the previous $505 million facility secured in 2011.

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.

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top