Waha Capital upsizes revolver

Waha Capital, a leading investment company based in Abu Dhabi, has completed the refinancing of its credit facilities with 12 local, regional and international banks. The new and upsized financing is a five-year US$ 500 million revolving credit facility. This replaces the previous US$375 million revolving credit facility secured in 2014. The facility was positively received and achieved a significant oversubscription. It was sole coordinated by First Gulf Bank, which also acted as bookrunner and mandated lead arranger with Abu Dhabi Commercial Bank, Commercial Bank of Dubai PSC committing as lead arranger, and Emirates NBD Bank, Union National Bank, National