DAE signs unsecured term financing of $800 million

Dubai Aerospace Enterprise (DAE) signed a new senior unsecured term financing for a total of $800 million with a weighted average maturity of 5.5 years over two transactions. Each facility was underwritten by a leading bank in the region. Firoz Tarapore, Chief Executive Officer of DAE, said: “The signing of these financing facilities underscores DAE’s commitment to maintaining exceptional liquidity and a strong balance sheet. We have no near-term debt maturities, providing us with significant flexibility in the current interest rate environment.”