18.05.2015, 14:06
Ooredoo announced on 11/5/2015 the signing of a USD 500 million Revolving Credit Facility
OREANDA-NEWS. Ooredoo Q.S.C. (“Ooredoo”) - Ticker: ORDS.QA – today announced the signing of a
USD 500 million Revolving Credit Facility Agreement.
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 Limited, Barclays Bank PLC, BNP Paribas Fortis SA/NV, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank, N.A., London Branch, DBS Bank Ltd, HSBC Bank Middle East Limited, Mizuho Bank, Ltd., Societe Generale and Sumitomo Mitsui Banking Corporation, Dubai Branch as Lead Arrangers. Qatar National Bank S.A.Q. will act as the Facility Agent for the facility.
The tenor of the facility is 5 years and the facility will be used for general corporate purposes.
About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named “Best Mobile Operator of the Year” at the World Communication Awards 2013.
The company reported revenues of US\\$ 9.1 billion in 2014 and had a consolidated global customer base of more than 107 million people as of 31 December 2014. Ooredoo’s shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
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 Limited, Barclays Bank PLC, BNP Paribas Fortis SA/NV, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank, N.A., London Branch, DBS Bank Ltd, HSBC Bank Middle East Limited, Mizuho Bank, Ltd., Societe Generale and Sumitomo Mitsui Banking Corporation, Dubai Branch as Lead Arrangers. Qatar National Bank S.A.Q. will act as the Facility Agent for the facility.
The tenor of the facility is 5 years and the facility will be used for general corporate purposes.
About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named “Best Mobile Operator of the Year” at the World Communication Awards 2013.
The company reported revenues of US\\$ 9.1 billion in 2014 and had a consolidated global customer base of more than 107 million people as of 31 December 2014. Ooredoo’s shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
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