Oasis International Leasing has signed a $52.5 million revolving credit facility with a consortium of banks, led by Mandated Lead Arranger, HSBC. It will be used to provide short to medium term funding for the Abu Dhabi based company.
Lead Arranger on the transaction is German transportation bank Deutsche VerkehrsBank, with Emirates Bank International acting as Co-Arranger and First Gulf Bank and Persia International Bank as Senior Lead Managers.
Today’s announcement comes a week after Oasis Leasing unveiled a substantial increase in its Risk Adjusted Lease Book (RALB), the present value of contracted lease revenues, in 2002.
Year-end figures show that the company $53.2 million to the key performance indicator, bringing the total to $227 million. In its annual financial report, Oasis Leasing also recorded revenues of $53.7 million, representing a 24 percent growth rate over the five years since it first began reporting in 1998. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
