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08 Jul | Monday
ADIB arranges AED1.32bln Syndicated Islamic Financing

Adib arranges Dh1.32 bn syndicated Islamic financing
For Abu Dhabi-based Gulf Marine Services
 
Abu Dhabi Islamic Bank (Adib) has closed a Dh1.32 billion ($360 million) syndicated Islamic facility for Abu Dhabi-based Gulf Marine Services (GMS), the largest provider of self-propelled self-elevating jack-up barges in the world.
 
Adib acted as the mandated lead arranger, sole underwriter, sole book runner, and investment and security agent for the facility.
 
The deal was tailored by Adib to meet GMS’ specific financing needs, including re-financing existing facilities and providing finance for the acquisition of two additional vessels. Adib arranges Dh1.32 bn syndicated Islamic financing
ADIB arranges Dh1.32 bn syndicated Islamic financing
For Abu Dhabi-based Gulf Marine Services
 
Abu Dhabi Islamic Bank (Adib) has closed a Dh1.32 billion ($360 million) syndicated Islamic facility for Abu Dhabi-based Gulf Marine Services (GMS), the largest provider of self-propelled self-elevating jack-up barges in the world.
 
Adib acted as the mandated lead arranger, sole underwriter, sole book runner, and investment and security agent for the facility.
 
The deal was tailored by Adib to meet GMS’ specific financing needs, including re-financing existing facilities and providing finance for the acquisition of two additional vessels. 
 
 


source: http://www.emirates247.com/business/corporate/adib-arranges-dh1-32-bn-syndicated-islamic-financing-2013-07-07-1.513487
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