Senaat Refinances Revolving 3-Year Loan Facility
Posted on 08/28/2020
Abu Dhabi-based Senaat, which is now part of Abu Dhabi Developmental Holding Company PJSC (ADQ), refinanced a revolving three-year loan facility amounting to AED 980.6 million (US$ 267 million). The facility replaces a loan which matured in December 2019, and will be used to support Senaat’s general corporate requirements. The resulting facility is to be allocated among 12 local, regional and international lenders in proportion to their proposed subscriptions.
BNP Paribas acted as sole coordinator and bookrunner on the financing.