Jun 20 2007 |
more articles from
|
USD200,000,000 Syndicated Term Loan Facility
ABN AMRO Bank N.V., Deutsche Bank AG, London Branch and Wachovia Bank, N.A. (together the "Initial Mandated Lead Arrangers") are pleased to announce the successful signing of the USD200 million Term Loan Facility (the "Facility") for United Gulf Bank B.S.C. (the "Borrower" or " UGB "). ABN AMRO Bank N.V. and Deutsche Bank AG acted as bookrunners (the "Bookrunners") with Wachovia Bank, N.A. as the documentation and facility agent (the "Facility Agent").The Bookrunners launched the Facility on 4th April 2007 to senior banks with Arab Bank plc, Burgan Bank , Kuwait, Raiffeisen Zentralbank Österreich Aktiengesellschaft, The Arab Investment Company, First Commercial Bank, Mashreq Bank , Samba Financial Group , Standard Bank Plc, Sumitomo Mitsui Banking Corporation Europe Limited and UniCredit Group (represented by Bank Austria Creditanstalt AG and UniCredito Italiano S.p.A., Hong Kong Branch) joining the facility as Mandated Lead Arrangers.
Following a successful oversubscription at the close of the general syndication stage, the Borrower elected to increase the facility from the launch amount of USD125 million. The Facility has a five-year bullet maturity. The proceeds will be utilised for general corporate purposes including but not limited to supporting its investment banking activities and providing select customers of the Borrower with trade-related finance.
UGB and its subsidiary KAMCO have a proven track record of successfully completing around 58 investment banking transactions for its clients since 2001 with an aggregate value of over USD 3.6 billion including corporate finance, advisory, new issue placement and underwriting, corporate restructuring, bond issuance and merger and acquisition.
-Ends-
For any further enquiries, please contact one of the following:
ABN AMRO Bank
N.V.
Hasan Mustafa
Tel: +44 (0) 20 7678 7075
Deutsche Bank AG, London Branch
Ben Dobson / Boris Jaquet
Tel: + 44 (0) 20 7545 8572 / 7937
Wachovia Bank, N.A.
Keith Munyama / Chaffic Haddad
Tel:+44 (0) 20 1749 8250 / +971 4 355 6244
© Press Release 2007
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment