Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Mashreq leads OSN's USD200m loan facility at General Satellite News forum; Mashreq leads OSN's USD200m loan facility Dubai: OSN, the leading pay-TV network in the Middle East and North Africa (Mena), ...

LinkBack Thread Tools Display Modes
Mashreq leads OSN's USD200m loan facility
Bacteria's Avatar
Posts: 96,016

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 90579
Experience: 68%

Thanks: 1,107
Thanked 5,577 Times in 1,419 Posts
Join Date: Oct 2006
Age: 35
Mashreq leads OSN's USD200m loan facility - 04-December-2013, 16:30

Mashreq leads OSN's USD200m loan facility

Dubai: OSN, the leading pay-TV network in the Middle East and North Africa (Mena), has successfully closed its first syndicated five-year financing facility for $200m. Mashreq, UAE's leading financial institution, acted as the sole mandated lead arranger, book runner and underwriter for this syndication.
The transaction received an overwhelming response from international and regional banks and was heavily oversubscribed. The participating banks include: Barclays Bank Plc, BNP Paribas Fortis SA/NV, Citibank NA, HSBC Bank Middle East Ltd, and National Bank of Kuwait SAK.
The proceeds of the facility will be utilised by OSN to further grow and strengthen its core business in line with the company's objective to provide viewers with the ultimate entertainment experience.
A signing ceremony was held for the deal and attended by AbdulAziz Al Ghurair, CEO of Mashreq, and Faisal Al Ayyar, Chairman of OSN and Vice Chairman of Kipco, David Butorac, CEO of OSN, and senior officials from the participating banks.
Al Ghurair congratulated OSN on the success of the syndicated facility and the leadership position achieved in the regional pay-TV market. He said: "OSN has been a remarkable growth story, and Mashreq is indeed proud to be associated with one of the most successful businesses in the media sector in the region. In leading this syndication Mashreq has once again reinforced its leadership position in the loan syndication market and its established track-record in closing high-profile transactions in conjunction with global institutions.

Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.