Dubai Aerospace Enterprise (DAE) has signed a $ 720 million credit facility

MediaIN\ WAM November 15, 2018
Dubai Aerospace Enterprise (DAE) has signed a $ 720 million revolving credit facility with a consortium of nine international banks based in the United States, Europe and Asia with a five-year maturity.
“The transaction will significantly enhance the company’s liquidity portfolio and enable it to capitalize on market opportunities to acquire assets and grow its business,” said Fayrouz Tarapur, CEO of DAE.
“In October, DAE acquired its first investment rating,” BBB + “. The strengthening of its liquidity portfolio and the improvement of its overall financial position are in line with its efforts to achieve investment rating among all major credit rating agencies.