DAE bolsters liquidity strength with new financing actions

Dubai Aerospace Enterprise (DAE) has further enhanced it liquidity strength with the closure of US$780 million of new senior unsecured term financings with a weighted average maturity of 7.7 years in two transactions, each underwritten by a leading bank in the region, and a US$800 million of 24-month revolving credit facility maturity extensions from 2023 to 2025. “These new financings and facility extensions underscore DAE’s commitment to maintaining exceptional liquidity and a strong balance sheet as we navigate challenging trends in the aviation industry. This, combined with the diversity of our approximately 400 lender and investor relationships, has allowed us