Middle East Economic Survey
TAQA Announces Refinancing Of $1.26Bn Revolving Credit Facility
Abu Dhabi National Energy Company (TAQA) announced on 23 May the successful refinancing of a C$1.325bn ($1.26bn) revolving credit facility by its wholly-owned subsidiary TAQA North. The new facility is a C$1bn ($0.95bn) three-year revolving credit facility funded by a syndicate of eight Canadian banks. According to a TAQA statement, the facility was over-subscribed, leading...