AWAS closes Unsecured Revolving Credit Facility

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By TESTCustomwebLP TESTCustomwebLP April 28, 2014 14:48

AWAS closes Unsecured Revolving Credit Facility

AWAS has closed its first Unsecured Revolving Credit Facility. The transaction size was increased from the original $300m target to $425m due to strong syndication feedback, following presentations to prospective participants in New York, Singapore and Taipei.

Ray Sisson, President & CEO AWAS commented, “AWAS has been looking for the right time and the right vehicle to tap the unsecured market, and with this successful revolver launch we are committing to further our planned expansion and profitable growth with both current and new customers.”

The commitments for this Facility are sourced from total of 12 lenders, including 6 new lenders to AWAS. The transaction was supported by commitments from four joint-lead arrangers (JLAs), Royal Bank of Scotland, RBC Capital Markets, DBS Bank and BNP Paribas.

This new facility will have a three-year term with pricing at Libor plus 225bp supported by AWAS’ BB+ Corporate Credit Rating, positive year-end consolidated results and the overall growth and successful expansion of its global leasing platform.

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By TESTCustomwebLP TESTCustomwebLP April 28, 2014 14:48
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