Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 10-09-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | ACWA Power Upsizing of Existing Murabaha Commodity-Based Facility | Industry: | Electricity |
| Description: |
Clifford Chance advised International Company for Water and Power Projects (ACWA Power) on the upsizing its existing five-year revolver facility (signed in 2013) by SAR400 million, taking it to SAR2.175 billion (USD580 million), and extending its tenor by a year. The banks in this transaction included the National Commercial Bank, Samba Financial Group, Banque Saudi Fransi and the Saudi British Bank. This was a commodity murabaha-based transaction.
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| Financial Center: | Dubai | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Saudi Arabia | Listing Jurisdiction | Saudi Arabia |
| Classification: |
Islamic Finance Islamic Finance Bank Loans Murabaha Facility |
Lawyer | Paul Latto |
