Dubai Aerospace Enterprise (DAE) has successfully closed a new four-year US$1 billion Revolving Credit Facility (RCF) with a one-year extension option. The Facility replaces other facilities with near-term maturity dates and represents DAE’s first facility that is priced with reference to SOFR. The Facility attracted the appetite from a broad group of banks and was oversubscribed. Al Ahli Bank of Kuwait– DIFC Branch (ABK), Emirates NBD Capital (EMCAP) and First Abu Dhabi Bank (FAB) served as the Mandated Lead Arrangers and Bookrunners. EMCAP also acts as a Facility Agent for the banking syndicate. Firoz Tarapore, Chief Executive Officer of DAE
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