Emirates Integrated Telecommunications Company PJSC (du) has refinanced its revolving credit facility through a consortium of regional and international banks, securing a total commitment of AED 2 billion ($540 million).
The transaction was coordinated and led by Emirates NBD Capital Ltd., which served as the initial mandated lead arranger and bookrunner. The syndicate also included Abu Dhabi Commercial Bank, First Abu Dhabi Bank, HSBC Bank Middle East, Intesa Sanpaolo, Mashreqbank, and Standard Chartered Bank as mandated lead arrangers and bookrunners, while Emirates NBD Bank acted as the facility agent.
The seven-year facility will be utilised for general corporate purposes and remains undrawn at the time of the announcement, according to the telecom operator.
