Largest shareholder in New York-listed aircraft leasing firm AerCap Holdings was initially aiming for $700m
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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.