Dubai Aerospace Enterprise (DAE) has secured a new revolving credit facility worth $800 million. The company aims to use the proceeds from the three year-term loan for general corporate purposes.
The new credit line will let the aerospace company to continue its growth into the global aerospace business. Citibank, Deutsche Bank, Emirates Bank International and Lloyds TSB Bank acted as joint book-running managers on the transaction.
Click here for the release from Dubai Aerospace Enterprises.