VOL. XXXIX
No. 34
20-May-1996
BAHRAIN
Investcorp Obtains $350Mn Facility To Refinance Debt
Investcorp, the Bahrain-based investment group, announced on 12 May that it had signed a five-year $350mn loan facility with a syndicate of banks to refinance existing debt. Investcorp said that the facility plus $80mn of its cash reserves would be used to repay and prepay $430mn of term loans maturing in April 1996 and May 1997. The loan, which was signed in London, was arranged by Bankers Trust...
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