Latest news with #syndicatedLoan
Zawya
3 days ago
- Business
- Zawya
Egypt: Redcon secures $80mln loan led by FABMISR for Golden Gate development
Arab Finance: First Abu Dhabi Bank Misr (FABMISR) has led a syndicated loan worth EGP 4.2 billion to finance the development of Redcon Properties' flagship Golden Gate project, a major commercial and administrative complex in New Cairo, as per an emailed press release. FABMISR served as the initial mandated lead arranger, bookrunner, facility agent, security agent, and account bank for the deal. The syndicate also includes Al Baraka Bank Egypt and Abu Dhabi Commercial Bank as mandated lead arrangers, alongside Arab Bank and Emirates NBD Egypt as lead arrangers. Meanwhile, Matouk Bassiouny & Hennawy acted as legal counsel to the lenders. Initially set at EGP 3.5 billion, the facility was oversubscribed by 1.2 times, triggering the Greenshoe Option and increasing the loan size to EGP 4.2 billion. Golden Gate, located on South 90 Street opposite the American University in Cairo and 400 meters from the nearest monorail station, is positioned as one of East Cairo's key mixed-use developments. The project includes extensive retail and leisure offerings and features one of Egypt's largest underground parking facilities, spanning 250,000 square meters over two levels. Designed to meet high sustainability standards, the development is projected to cut service costs by 40% and is promoted as Egypt's largest green, mixed-use complex. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Reuters
28-05-2025
- Automotive
- Reuters
Nissan plans $7 billion funding, backed partly by UK government, Bloomberg News says
TOKYO, May 28 (Reuters) - Japanese automaker Nissan (7201.T), opens new tab is considering raising more than 1 trillion yen ($7 billion) by issuing convertible securities and bonds, as well as a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday. Japan's third-biggest automaker plans to issue as much as 630 billion yen in convertible securities and bonds, including high-yielding U.S. dollar and euro notes, Bloomberg News said, citing documents it had seen about the matter. Nissan is also considering taking out a 1 billion pound ($1.35 billion) syndicated loan, guaranteed by UK Export Finance, the report said. Nissan spokespeople did not immediately respond to a request for comment. Its shares rose following the report, and were last trading up about 1% after giving back some of their gains. ($1 = 144.5700 yen) ($1 = 0.7421 pounds)
Zawya
22-05-2025
- Business
- Zawya
Royal Jordanian Airline signs $250mln syndicated loan agreement led by Arab Bank
AMMAN — Royal Jordanian Airline (RJ) announced on Wednesday the signing of a $ 250 million syndicated loan agreement, led by Arab Bank and several Jordanian and regional financial institutions. This step underscores the solid confidence the banking sector places in the airline, according to a statement by the Arab Bank. During the signing ceremony, RJ Chairman of the Board of Directors Said Darwazeh stressed the airline's deep roots. "Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub," Darwazeh added. He noted that "despite various challenges globally and in the region, the airline continued its operations with resilience and determination, fulfilling its national mission and significantly contributing to Jordan's economy, especially in tourism and transport." Darwazeh highlighted the agreement as "a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector," adding that it "reflects the confidence that local and regional financial institutions have in the company's long-term vision." Darwazeh said: "We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy." RJ Vice Chairman and CEO Samer Majali said: "As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernising its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan". "Fleet modernisation is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations,' he added. Majali also expressed pride in the financial sector's backing: "We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability.' He voiced RJ's full commitment to repaying the previous syndicated loan on schedule, even under the most challenging conditions during the COVID-19 pandemic, played a key role in reinforcing this trust and encouraging broader participation from financial institutions. CEO of Arab Bank Randa Sadik said that this $ 250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. "The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions." She added that this financing contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Al Bawaba
22-05-2025
- Business
- Al Bawaba
Royal Jordanian Signs $250 Million Syndicated Loan Agreement led by Arab Bank
Royal Jordanian signed today a syndicated loan agreement valued at USD 250 million, led by Arab Bank with the participation of several Jordanian and regional banks. This step underscores the solid confidence the banking sector places in the airline. In his opening remarks at the signing ceremony, Royal Jordanian's Chairman of the Board of Directors Said Darwazeh said that Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub. Despite the various challenges in the world and in the region in particular, the airline continued its operations with resilience and determination, carrying out its national mission and contributing significantly to Jordan's economy, particularly in the tourism and transport sectors. He added that this agreement marks a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector. It also reflects the confidence that local and regional financial institutions have in the company's long-term vision. 'We see this partnership as a vital enabler of Royal Jordanian's transformation and modernization efforts, reinforcing its regional and global competitiveness.' 'We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy,' Darwazeh said. Commenting on the occasion, Vice Chairman of the Board and Chief Executive Officer of Royal Jordanian Samer Majali said: 'As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernizing its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan; this strategic direction requires reliable financial support. Fleet modernization is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations. 'We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability. Our full commitment to repaying the previous syndicated loan on schedule even under the most challenging conditions during the COVID 19 pandemic played a key role in reinforcing this trust and encouraging broader participation from financial institutions,' Majali commented. Randa Sadik, Chief Executive Officer, Arab Bank commented: 'This USD 250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions.' This financing, Sadik added, directly contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally.
Bloomberg
22-05-2025
- Business
- Bloomberg
EQT-Owned Fitness Passport Seeks A$500 Million Loan for Payout
Swedish private equity firm EQT -backed health and fitness membership program Fitness Passport is seeking a A$500 million ($322 million) syndicated loan, according to people familiar with the matter. Proceeds of the loan will be for dividend recapitalization and refinancing purposes, said the people who asked not to be identified discussing private matters. A dozen banks, including BNP Paribas SA, Mitsubishi UFJ Financial Group and Standard Chartered Plc, have been appointed as underwriters on the six-year loan, they added.
