DUBAI: Dubai Aerospace Enterprise (DAE) said on Wednesday it signed a $535 million four-year unsecured revolving credit facility, inlcuding the option to increase to $600 million.
The deal was arranged by Dubai-based bank Emirates NBD as sole mandated lead arranger and bookrunner, DAE said in a statement on Wednesday.
The initial commitment of $535 million is from a group of eight regional banks, it said, adding the facility brings DAE's total unsecured revolving credit facilities to $2.1 billion.
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