Latest news with #creditFacility
Argaam
5 days ago
- Business
- Argaam
MESC renews credit facility deal with Al Rajhi Bank
Middle East Specialized Cables Co. (MESC) renewed a Shariah-compliant credit facility agreement with Al Rajhi Bank worth SAR 150 million. The tenor of the facility extends till June 30, 2026, said the company in a Tadawul filing today, July 17, adding that a promissory note valued at SAR 153.7 million was provided as collateral, along with an assignment of insurance proceeds. MESC also indicated that the credit facility is aimed at financing its working capital and issuance of different types of bank guarantees. According to the company, the agreement is dated on June 30, 2025, while the effective date of the facility took a place on July 17, 2025. The renewed facility has been increased from the previous one by SAR 50 million.
Zawya
02-07-2025
- Business
- Zawya
Saudi: WSM secures credit facility from Emirates NBD
Riyadh - WSM for Information Technology Company has inked a Sharia-compliant credit facility agreement with Emirates NBD, valued at SAR 5 million. The facility, obtained on 30 June 2025, aims to finance contracts for new projects and issue final letters of guarantee, according to a bourse filing. The credit facility, backed by a promissory note as a guarantee, will remain in effect until 21 June 2026. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
24-06-2025
- Business
- Zawya
Saudi's Fakeeh Care secures $250mln credit facility from Alinma Bank
Dr. Soliman Abdul Kader Fakeeh Hospital Company (Fakeeh Care) has obtained a Sharia-compliant credit facility worth 938 million Saudi riyals ($250.01 million) from Alinma Bank. The credit facility will be available to all Fakeeh Care group entities and will support their expansion plans, the company said in a statement to the Saudi stock exchange on Tuesday. The facility includes SAR 638 million in long-term financing and SAR 300 million in short-term credit facilities. The facility is backed by a corporate promissory note as collateral. The new credit facility replaces previously existing arrangements valued at SAR 838 million for Fakeeh Care and SAR 570 million for Dr. Soliman Fakeeh Hospital Medical Company (DSFH Riyadh), the statement said. (Editing by Seban Scaria
Zawya
02-06-2025
- Business
- Zawya
Scientific and Medical Equipment renews $76mln credit facility with BSF
Scientific and Medical Equipment House Company has renewed a Shariah-compliant credit facility of 284 million Saudi riyals ($75.70 million) with Banque Saudi Fransi (BSF). The facility will be used to finance ongoing and future projects, issue bank guarantees, and cover letters of credit, the company said in a statement to the Saudi stock exchange. The collateral includes contract proceeds and promissory notes worth SAR 284 million. The facility will mature on April 30, 2026, the statement said. (Editing by Seban Scaria
Associated Press
28-05-2025
- Business
- Associated Press
AEA Private Debt Leads First Lien Credit Facility to Support Falfurrias Capital Partners' Refinancing of Training The Street
NEW YORK, May 28, 2025 /PRNewswire/ -- AEA Investors' Private Debt group ('AEA Private Debt'), a leading provider of private credit to the middle market, today announced that it served as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner for a first lien credit facility in support of the refinancing of Training The Street ('TTS' or the 'Company'), a portfolio company of Falfurrias Capital Partners ('FCP'). Headquartered in Charlotte, NC, Training The Street is a leading global provider of accounting, capital markets, financial modeling, and corporate valuation training. The Company's clients include institutions like investment banks, asset managers, private equity firms, consulting firms, and universities, as well as individual learners pursuing careers in finance. With its robust team of expert instructors and deep practical experience, TTS currently serves over 425 corporate clients, 3,500 self-study clients, and 100 universities. 'Training The Street has earned a reputation as a provider of choice with a range of effective, flexible training solutions, enabling the Company to establish an attractive client base that is diversified both by user type and geography,' said Jeff Schmidt, Principal at AEA Private Debt. 'We are thrilled to partner with FCP to support TTS's growth and are pleased to further expand on our relationship.' Reflective of AEA Private Debt's partnership-oriented approach, this financing marks the second transaction the team has completed in support of FCP over the past year. 'AEA has been a terrific partner, and we appreciate their ability to provide a swift, thoughtful financing solution in support of Training The Street,' said Katie-Rose Austin, Vice President at FCP. 'TTS is well positioned for growth and success, and we look forward to our continued collaboration with the AEA Private Debt team.' About AEA Private Debt AEA Private Debt makes senior debt, unitranche, junior debt, and equity co-investments in leading middle market companies across a broad range of industries and end markets. AEA Private Debt's team of experienced professionals partners with private equity firms, family offices, and entrepreneur-backed companies to provide financing solutions in support of leveraged buyouts, recapitalizations, add-on acquisitions, refinancings, and other similar capital needs. Since inception in 2005, AEA Private Debt has invested over $8.5 billion across more than 425 transactions. AEA Private Debt is part of AEA Investors ('AEA'), which was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives, and leaders, many of whom invest with AEA as active individual investors, join its portfolio company boards, or act in other advisory roles. Today, AEA's over 120 investment professionals operate globally with offices in New York, Stamford, Jacksonville, San Francisco, London, Munich, and Shanghai. The firm manages funds that have approximately $18 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth capital, and private debt investments. For more information, visit About Training The Street Training The Street is the world's leading provider of courses in accounting, asset management, capital markets, financial modeling, corporate valuation, and data science training to investment banks, financial institutions, consulting firms, federal government agencies, law firms, business schools, and top colleges. With offices in the financial hubs across the U.S., as well as London and Hong Kong, TTS boasts a deep field of expert instructors and extensive practical experience. Currently, TTS is offering live and virtual training programs to interns and full-time hires at over 425 banks and corporate businesses, including 9 of Wall Street's 10 largest banks. Additionally, TTS leads workshops at more than 100 academic clients, including the top business schools globally. For more information, please visit About Falfurrias Capital Partners Falfurrias Capital Partners is an operationally focused middle-market private equity fund focused on investing in growth companies in the government and business services, food manufacturing, and industrial technology sectors. The team is comprised of investors and proven operators, as well as in-house resources across strategy & market insights, risk & integration, talent, and technology. The fund is managed by Falfurrias Management Partners, a Charlotte-based private equity firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised $3.6 billion across seven funds and invests in growing, middle-market businesses in sectors where the firm's operational resources, relationships, and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. For more information, visit Media Contacts Kaitlin Bilby (212) 845-4307 [email protected] Kate Thompson / Erik Carlson Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449 View original content: SOURCE AEA Investors
