Kingdom Holding closes refinancing deal for $381m loan

Loan for investment firm of Prince Alwaleed bin Talal was extended by consortium of three banks

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, has completed the refinancing of a 350 million euro ($381.3 million) loan facility, it said on Monday.

The loan, backed by the Four Season Hotel George V, was extended by a consortium of three banks, Kingdom Holding said in an emailed statement.

Credit Agricole Corporate and Investment Bank, Natixis Pfandbriefbank and Societe Generale Corporate and Investment Banking acted as co-lead arrangers, the statement said, while Credit Agricole acted as facility and security agent.

The transaction closed on Oct. 16, it added.

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