Arab Today, arab today sanad raises over 90m in syndicate deal
Last Updated : GMT 10:42:23
Arab Today, arab today
Arab Today, arab today

Expands spare engine, product offering

Sanad raises over $90m in syndicate deal

Arab Today, arab today

Arab Today, arab today Sanad raises over $90m in syndicate deal

Sanad Aero Solutions GmbH
Abu Dhabi - Arab Today

Sanad Aero Solutions GmbH, Sanad, a wholly-owned subsidiary of Mubadala Development Company, has increased its financings to US$600 million, in a club deal that further expands the company's spare engine and component product offering.

Sanad has raised an additional US$90 million in financing through a consortium deal with three industry leading banks. Abu Dhabi National Leasing, ADNL, the wholly owned lease financing arm of the National Bank of Abu Dhabi, NBAD, acted as agent for the transaction joined by Bank of America Merrill Lynch, BofAML and FGB in their first transactions with the company.

The facilities provide financing for spare engines and components in support of Sanad customer programmes globally.

Troy Lambeth, Chief Executive Officer of Sanad, said, "This transaction is an important milestone for the company in expanding our international lender base. We are very pleased to extend our relationship with ADNL and to welcome BofAML and FGB, two additional global leaders, as partners to our growing story. The transaction serves as further endorsement of Sanad's asset portfolio, our team, and the strength of our business model."

Yousef Abdulla Yousef, Managing Director of ADNL, added, "We are delighted to expand our partnership with Sanad through this transaction which further reflects our confidence in Sanad's product offering, the commercial spares market, the strength of the related assets and the Sanad team. We look forward to our ongoing work with Sanad as it continues to grow."

Sanad is an industry leader in integrated financing and leasing solutions for spare engine and aircraft components wholly owned by Mubadala, the Abu Dhabi-based investment and development company.
Source: WAM

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sanad raises over 90m in syndicate deal Arab Today, arab today sanad raises over 90m in syndicate deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sanad raises over 90m in syndicate deal Arab Today, arab today sanad raises over 90m in syndicate deal

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday