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Re Agreement

23rd May 2014 16:23

RNS Number : 8220H
Ooredoo Q.S.C.
23 May 2014
 

Ooredoo Q.S.C.

 

Ooredoo signs USD 1 billion Revolving Credit Facility Agreement

 

 

Doha, Qatar, 22 May 2014: Ooredoo Q.S.C. ("Ooredoo") - Ticker: ORDS.QA, rated A2 Moodys / A-

S&P / A+ Fitch, today announced the signing of a USD 1 billion Revolving Credit Facility Agreement.

 

The Revolving Credit Facility Agreement was executed between Ooredoo Q.S.C. as the Borrower and the syndicate of banks consisting of Australia and New Zealand Banking Group Limited, Barclays Bank PLC, BNP Paribas Fortis SA/NV, Citibank, N.A., London Branch, DBS Bank Ltd, Deutsche Bank AG, London Branch, HSBC Bank Middle East Limited, Mizuho Bank, Ltd., Qatar National Bank S.A.Q., Societe Generale, Sumitomo Mitsui Banking Corporation, Dubai Branch, The Bank of Tokyo-Mitsubishi UFJ Ltd. and The Royal Bank of Scotland plc as Initial Mandated Lead Arrangers - Bookrunners; Export Development Canada acted as Mandated Lead Arranger with Arab Bank Plc and Ahli Bank Q.S.C as Senior Lead Arrangers and J.P. Morgan Limited as Lead Arranger. Qatar National Bank S.A.Q. is the Facility Agent of the Lenders and acted as the Documentation Agent for the Facility and was the General Financial Advisor to Ooredoo Q.S.C.

 

The tenor of the facility is 5 years and the facility will be used for pre-paying the USD750 million Revolving Credit Facility maturing in May 2015 and for general corporate purposes.

 

 

For further information:

Email: [email protected]

Follow us on Twitter: @OoredooIR

 

- Ends -

About Ooredoo

Ooredoo, formerly known as Qtel Group, 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 South-East 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 and Indonesia. The company reported revenues of $ 9.3 billion U.S. dollars in 2013 and had a consolidated global customer base of more than 96 million people as of 31 December 2013. Ooredoo's shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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