VOL. XXXIX
No. 50
9-September-1996
LEBANON
Lebanese/Foreign Banks Raise $90Mn For Restoration Of Two Beirut Hotels
Beirut-based Fransabank and Lebanese finance house Lebanon Invest announced last week the finalization of a $90mn debt and equity package for the restoration of two Beirut hotels. The package consists of a $45mn syndicated loan, a $35mn equity facility and a $10mn direct loan. The loan is lead managed by Fransabank, and is being raised by several Lebanese and foreign banks...
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