Ooredoo, the Qatari operator, has signed a US$1bn revolving credit facility with a consortium of banks. Proceeds from the financing, which has five-year tenure, will be used to pre-pay a US$750m revolver maturing in May next year and for general…
Ooredoo, the Qatari operator, has signed a US$1bn revolving credit facility with a consortium of banks.
Proceeds from the financing, which has five-year tenure, will be used to pre-pay a US$750m revolver maturing in May next year and for general corporate purposes.
Initial MLAs and bookrunners were ANZ, Barclays, BNP Paribas, Citibank, DBS Bank, Deutsche Bank, HSBC, Mizuho, Qatar National Bank, Societe Generale, SMBC, Bank of Tokyo-Mitsubishi UFJ and RBS.
Export Development Canada joined as MLA, Arab Bank and Ahli Bank were senior lead arrangers, and JP Morgan was lead arranger.
Qatar National Bank was also facility agent, documentation agent and general financial adviser to Ooredoo.
Just days ago, the operator secured three murabaha facilities for a combined US$498m, proceeds of which will also be used for general corporate purposes.
Early this year, the company was awarded a licence to operate mobile services in Myanmar several months after being declared a winner, alongside Norway’s Telenor, in a hotly-contested auction.
