Abu Dhabi's Waha Capital secures $750 mln credit facility

DUBAI, March 31 Mon Mar 31, 2014 2:13am EDT

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DUBAI, March 31 (Reuters) - Abu Dhabi investment company Waha Capital had secured a new five-year $750 million credit facility, the company said on Monday.

The facility, comprising a term loan for $375 million and a revolving loan for the same amount, replaces the previous $505 million facility secured in 2011, it said in a bourse statement.

The deal was coordinated by HSBC and First Gulf Bank, with Emirates NBD Capital Limited, First Gulf Bank and HSBC acting as book-runners and mandated lead arrangers.

Waha Capital, the largest shareholder in New York-listed aircraft leasing firm AerCap Holdings, started looking for fresh financing in January, initially aiming for $700 million. (Reporting by Olzhas Auyezov; Editing by Praveen Menon)

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