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FINANCIAL NEWS
UAE’s Aabar Investments sign USD 4.05bn loan to refinance debt
21 Mar 2016
(MENAFN) Abu Dhabi’s Aabar Investments has signed a USD 4.05bn loan of five years, which will be used to replace many of the state fund’s existing debts.
Moreover, the transaction was organized on tighter terms compared to previous facilities, without announcing the loan’s pricing.
The firm was close to securing the loan, which would repay existing loans involving a USD 2.5bn facility due to mature in April.
Additionally, Aabar organizes a portfolio of investments spanning real estate and aerospace to financial services and energy.
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