{"id":89921,"date":"2024-03-12T00:00:00","date_gmt":"2024-03-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/investcorp-capital-secures-usd-800-mn-rcf-from-regional-and-intl-lenders\/"},"modified":"2024-03-12T00:00:00","modified_gmt":"2024-03-12T00:00:00","slug":"investcorp-capital-secures-usd-800-mn-rcf-from-regional-and-intl-lenders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/12\/investcorp-capital-secures-usd-800-mn-rcf-from-regional-and-intl-lenders\/","title":{"rendered":"Investcorp Capital secures USD 800 mn RCF from regional and int\u2019l lenders"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi-based alternative investor and Investcorp subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.investcorp-capital.com\/\" style=\"\" rel=\"noopener\">Investcorp<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.investcorp-capital.com\/\" style=\"\" rel=\"noopener\">Capital<\/a><\/strong><strong> has entered into an USD 800 mn revolving credit facility agreement <\/strong>with a syndicate of regional and international banks, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/881.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The disclosure did not specify who the banks are. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the funds will go:<\/strong> The proceeds from the facility will go towards its investment strategy, as well as the payment of a receivable owed by one of its subsidiaries to its parent company, Investcorp, the statement said, without disclosing further details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Investcorp is the guarantor for the facility, according to the disclosure. Investcorp Capital will shell out a 1% guarantor and placement fee equivalent to USD 8 mn<strong>,<\/strong> according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/936.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Investcorp Capital <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/08a58dc0-d0b0-4537-bd1e-5d6a7cefbf22\" style=\"\" rel=\"noopener\">listed<\/a> on the ADX this past November, raising some AED 1.66 bn (USD 450 mn). The investment firm had initially planned to raise USD 600 mn from the IPO. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proceeds from the facility will go towards its investment strategy and a receivable payment owed to Investcorp<\/p>\n","protected":false},"author":1,"featured_media":89922,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[68,7,1025,1342],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-uae","tag-investcorp-capital","tag-investment","wpautop","entry"],"acf":{"mongo_id":"b58575d7-d68a-49f8-a40a-1d9f0b5a8d7e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/887.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Investcorp Capital secures USD 800 mn RCF from regional and int\u2019l lenders","related_issue":[89900],"teaser":"The proceeds from the facility will go towards its investment strategy and a receivable payment owed to Investcorp","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.233c8f55-bec9-41cf-a616-6f2e30960c70.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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