Q4 revenue surges 15.2% to $64.7 billion
tech1 hour ago
The banking syndicate for the deal comprised HSBC Bank Plc and Abu Dhabi’s First Gulf Bank acting as Mandated Lead Arrangers; Arab Banking Corporation BSC and National Bank of Dubai PJSC acting as Arrangers and Arab Bank Plc, Commercial Bank of Qatar SAQ, Emirates Bank International PJSC acting as Lead Arrangers.
“This facility is a key milestone for Oasis and represents an important step in the evolution of our business. It will give Oasis additional flexibility in structuring transactions going forward,” said Gordon Dixon, CEO, Oasis Leasing. “We appreciate the faith that the banks have shown in the company’s business and growth prospects,” said Sridhar Srinivasan, Financial Operations Manager, Oasis Leasing.
Following an original launch amount of US$100 million, the syndication achieved an over-subscription and Oasis elected to increase the facility to US$110 million.
“Oasis International Leasing’s asset portfolio has strong growth prospects and we are happy to facilitate loan and credit facilities to the company to help sustain its business growth, “ said Richard Oliver, HSBC Bank plc, on behalf of the banking syndicate. Oasis’s principal business is to identify, structure, manage and invest in high value leasing transactions, primarily in the aviation and maritime sectors.
It also tries to assess and pursue opportunities in other industry sectors and as part of this ongoing effort the company bought a stake in the Industrial City Cooling Company (ICCC) in UAE, which owns two cooling plants worth approximately Dh80 million. This marked Oasis’ first move into the infrastructure sector.
Q4 revenue surges 15.2% to $64.7 billion
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