04 July 2010
Aabar Investments, the Abu Dhabi-owned firm that holds a 32 per cent stake in space travel company Virgin Galactic, has launched syndication of a $2 billion loan.
Aabar Investments, the Abu Dhabi-owned firm that holds a 32 per cent stake in space travel company Virgin Galactic, has launched syndication of a $2 billion loan.
According to bankers cited by Reuters yester-day the loan will mature on May 21 2013 and the bookrunners are Deut-sche Bank, Morgan Stanley, National Bank of Abu Dhabi and Royal Bank of Scotland.
The deal, say the ban-kers, is split between a $1.4 billion loan and a $600 million revolving facility.
Aabar made headlines last year when it paid $2.7 billion for 9.1 per cent stake in car-maker Daimler and brought the 32 per cent stake in Virgin's space tourism arm for $2.7 billion.
© 7Days 2010
