Jet concludes syndicated loan facility

Jet concludes syndicated  loan facility

Jet Airways has successfully concluded a five-year syndicated loan facility of $150 million. Mashreqbank psc was the sole initial mandated lead arranger and book runner for the transaction, Jet Airways said.

The transaction was fully subscribed to, by banks spread across the Middle East, from Dubai, Abu Dhabi, Bahrain and Doha-based financial institutions, the airline said.  
The participating banks included Abu Dhabi Commercial Bank, and Commercial Bank International as the Mandated Lead Arrangers and Ahli United Bank and Arab Banking Corporation, as the lead arrangers.

Alpen Capital acted as financial advisors to Jet Airways for the transaction, the release added.

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