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Mon 31 Mar 2014 11:20 AM

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Abu Dhabi's Waha Capital secures $750m credit facility

Largest shareholder in New York-listed aircraft leasing firm AerCap Holdings was initially aiming for $700m

Abu Dhabi's Waha Capital secures $750m credit facility
Salem Rashid Al Noaimi, CEO of Waha Capital.

Abu Dhabi investment company Waha Capital had secured a new five-year $750m credit facility, the company said on Monday.

The facility, comprising a term loan for $375m and a revolving loan for the same amount, replaces the previous $505m facility secured in 2011, it said in a bourse statement.

The deal was coordinated by HSBC and First Gulf Bank, with Emirates NBD Capital Limited, First Gulf Bank and HSBC acting as book-runners and mandated lead arrangers.

Waha Capital, the largest shareholder in New York-listed aircraft leasing firm AerCap Holdings, started looking for fresh financing in January, initially aiming for $700m.

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