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Qatar : OOREDOO ratifies $1 billion REVOLVING CREDIT FACILITY DEAL.

The facilitys tenure is 5 years and the facility would be utilized for pre-paying the $750 million revolving credit facility maturing in May 2015 and for general corporate purposes.

The Revolving Credit Facility Agreement was implemented between Ooredoo as the borrower and the syndicate of banks, including Australia and New Zealand Banking Group Limited, Barclays Bank PLC, BNP Paribas Fortis SA/NV, Citibank, N.A., London Branch, DBS Bank Ltd, Deutsche Bank AG, London Branch, HSBC Bank Middle East Limited, Mizuho Bank, Ltd., Qatar National Bank S.A.Q., Societe Generale, Sumitomo Mitsui Banking Corporation, Dubai Branch, The Bank of Tokyo-Mitsubishi UFJ Ltd. and The Royal Bank of Scotland plc as Initial Mandated Lead Arrangers Bookrunners; Export Development Canada acted as Mandated Lead Arranger with Arab Bank Plc and Ahli Bank Q.S.C as Senior Lead Arrangers and J.P. Morgan Limited as Lead Arranger. Qatar National Bank S.A.Q. is the Facility Agent of the Lenders and acted as the Documentation Agent for the Facility and was the General Financial Advisor to Ooredoo Q.S.C.

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Publication:Mena Report
Date:May 28, 2014
Words:191
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