Ahli United Bank (AUB), Arab Banking Corporation (Bank ABC) and Gulf International Bank (GIB), acting as the Mandated Lead Arrangers and Book Runners (MLABs), successfully closed a $125 million five-year term loan facility on behalf of Bahrain Commercial Facilities Company (BCFC).
The purpose of the facility, which was signed on 14 December 2015, is for refinancing and general corporate purposes. The MLABs were joined by Arab Bank and National Bank of Bahrain as Arrangers.
A celebratory lunch was held on 14 January 2016, attended by senior representatives of BCFC, AUB, Bank ABC, GIB, Arab Bank and NBB. At the lunch, Chief Executive Officer of BCFC, Dr. Adel Hubail, thanked all the participating banks for their support in successfully closing this syndication. He said, “The successful closing of this facility is a testament of BCFC’s solid and stable financial standing in the capital markets as well as sound business model, strong management expertise, prudent risk management and overall growth strategy adopted by the company.”