Manama - Bahrain: Ahli United Bank B.S.C. (“AUB”), Arab Banking Corporation (B.S.C.) (“Bank ABC”) and Gulf International Bank B.S.C. (“GIB”), acting as the Mandated Lead Arrangers and Book Runners (“MLABs”), successfully closed a US$125 million 5-year Term Loan Facility (“Facility”) on behalf of Bahrain Commercial Facilities Company (“BCFC”). The purpose of the Facility, which was signed on 14th December 2015, is for refinancing and general corporate purposes.
The MLABs were joined by Arab Bank and National Bank of Bahrain as The MLABs were joined by Arab Bank and National Bank of Bahrain as Arrangers.
A celebratory lunch was held on 14th January 2016, attended by senior representatives of BCFC, AUB, Bank ABC, GIB, Arab Bank and NBB.
At the lunch, Chief Executive Officer of BCFC, Dr. Adel Hubail, thanked all the participating banks for their support in successfully closing this syndication. He mentioned that “The successful closing of this Facility is a testament of BCFC’s solid and stable financial standing in the capital markets as well as sound business model, strong management expertise, prudent risk management and overall growth strategy adopted by the Company.”
The MLABs expressed their delight with the closure of the transaction and wished the borrower continued growth and prosperity in the future.