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...