SHUTTERSTOCK/Cashguy
Dubai Aerospace Enterprise (DAE) has signed a $300 million seven-year unsecured term loan with a syndicate of banks.
Firoz Tarapore, the Chief Executive Officer of DAE, said that the unsecured loan further underpins the company’s ambition to structure its funding and liquidity predominantly around unsecured debt.
The transaction brings the total liquidity DAE has raised in the last 18 months to $3.5 billion, giving the company considerable funding certainty to pursue its aggressive growth agenda, added Tarapore.
Abu Dhabi Commercial Bank was the initial mandated lead arranger, bookrunner and underwriter on the transaction.
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CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
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