Manama, Kingdom of Bahrain, January 2015 - Bahrain Mumtalakat Holding Co. B.S.C. (C) is pleased to announce the signature of a USD 500 million Unsecured Revolving Credit Facility on 29 December 2014.
The participating banks in the revolving credit facility are BNP Paribas, Deutsche Bank Luxembourg S.A., Standard Chartered Bank (Dubai International Financial Centre Branch). the Bank of Tokyo-Mitsubishi UFJ, Ltd Arab Banking Corporation and National Bank of Bahrain
BNP Paribas also acted as Coordinating Bank, Documentation and Facility Agent for the Facility.
The Facility has been structured as a 5-year Revolving Credit Facility and will be utilised to refinance existing debt.