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Abu Dhabi-based alternative investor and Investcorp subsidiary Investcorp Capital has entered into an USD 800 mn revolving credit facility agreement with a syndicate of regional and international banks, according to an ADX disclosure (pdf). The disclosure did not specify who the banks are.
Where the funds will go: 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.
Advisors: 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, according to an ADX disclosure (pdf).
REMEMBER- Investcorp Capital listed 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.
