DUBAI: Dubai Aerospace Enterprise (DAE) said on Thursday it had signed a new unsecured $720 million revolving credit facility with a group of nine international banks based in the United States, Europe, and Asia.

DAE did not disclose the names of the banks. It said in a statement the credit facility had a maturity of five years.

(Reporting by Alexander Cornwell, editing by Davide Barbuscia) ((Alexander.Cornwell@thomsonreuters.com;))