Q.S.C. ("Ooredoo") - Ticker: ORDS.QA - today announced the signing of a new USD 1 billion Revolving Credit Facility Agreement (RCF).
The Revolving Credit Facility Agreement was executed between Ooredoo Q.S.C. as the Borrower and Qatar National Bank S.A.Q., Australia and New Zealand Banking Group Ltd., Bank of America Merrill Lynch International Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank, N.A., London Branch, DBS Bank Ltd, HSBC Bank Middle East Ltd., Mizuho Bank, Ltd. as Arrangers. Qatar National Bank S.A.Q. will act as the Facility Agent.
The tenor of the facility is six years and it will be used for general corporate purposes including the refinancing of a USD 1 billion RCF maturing in March 2017.
H.E. Sheikh Saud bin Nasser Al Thani, Chief Executive Officer, Ooredoo Group, said, “This new Credit Facility demonstrates the high level of confidence that the banks have in Ooredoo’s strategy and our solid performance.
The new facility gives us full flexibility for the execution of our funding strategy. We do highly appreciate the strong support and trust of our long term banking partners.”
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