Bahrain Commercial Facilities
Company B.S.C. (“BCFC’) has successfully closed a US$125 million
Syndicated Loan Facility
(“Facility”). The new Facility has 2-year
and 5-year dual tranches. The
Facility was arranged by Bank ABC in its capacity as the Sole Initial Mandated Lead Arranger, Bookrunner (“IMLAB”) and Facility Agent. The purpose of the new Facility was to repay its US$ 55 million
syndicated loan matured in June 2017 and to fund continued growth in the BCFC
lending portfolio and for other general business needs. BCFC
organized a celebratory event on 30th July to mark the successfully
For the syndicated loan, Ahli United Bank B.S.C., BBK
B.S.C. and National Bank of Bahrain B.S.C. joined as Mandated Lead Arrangers.
The Facility received a positive response
from the market with a total of six banks participating from Bahrain, Kuwait and United Arab Emirates that
resulted in a significant oversubscription.