Arab Today, arab today nawras inks 149 million funding deal
Last Updated : GMT 12:27:49
Arab Today, arab today
Arab Today, arab today

Nawras inks $149 million funding deal

Arab Today, arab today

Arab Today, arab today Nawras inks $149 million funding deal

Muscat - Arabstoday

Omani Qatari Telecommunications Company SAOG — Nawras has signed a new funding deal worth $149 million. With a five-year tenure, the consortium for the refinancing facility consists of BankMuscat, DBS Bank Ltd, Qatar National Bank (Doha and Muscat), and The Bank of Tokyo-Mitsubishi UFJ, Ltd. The new facility consists of a term loan of $87 million and revolving credit facility of RO 24 million. The company used this opportunity to refinance the whole of its existing facility from a project financing to a corporate financing structure based on its strong balance sheet and operating results. The deal will allow the company to refinance its existing indebtedness on more flexible terms and facilitates future investments. Jorgen Latte, Chief Financial Officer, Nawras, said: “The commitment from Nawras’ core banks is pleasing. With its clear vision and strategy, Nawras attracts many banks who want to participate and support our strategic targets. The strong commitment of the international banks in this new facility also reflects the strength and trust of the Omani economy and Nawras as one of its key flagship companies.” He added: “The new facility which drew great interest from many banks further improves Nawras’s conservative debt profile; enhances our financial flexibility and lowers our funding cost. We appreciate the continued support of our core relationship banks who work with us on a variety of exciting projects as we continue to delight our customers in Oman.”

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 nawras inks 149 million funding deal Arab Today, arab today nawras inks 149 million funding 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 nawras inks 149 million funding deal Arab Today, arab today nawras inks 149 million funding deal

 



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
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

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
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