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Mon 18 Jan 2016 03:44 PM

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Kingdom Holding closes refinancing deal for $381m loan

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

Kingdom Holding closes refinancing deal for $381m loan

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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