Dentons Advised Lenders On US$300 Million Ayndicated Term Loan Facility For Asakabank

Dentons advised lenders on US$300 million syndicated term loan facility for Asakabank

Dentons advised the lenders, including Abu Dhabi Commercial Bank PJSC (ADCB) and Emirates NBD Capital Limited (ENBD), on the US$300 million equivalent senior unsecured dual-currency syndicated term loan facility for Asakabank. The syndication witnessed a strong response, with an oversubscription of 3.5 times the initial launch amount and participation from 22 global institutions.

ADCB and ENBD acted as coordinators, initial mandated lead arrangers, and bookrunners for the facilities. ADCB also acted as the documentation agent, while Emirates NBD Bank P.J.S.C. served as the facility agent. The proceeds will be used for general corporate purposes in line with Asakabank’s strategic growth objectives.

The Dentons team was led by Nathaniel Armstrong (Managing Partner, Abu Dhabi Office), with support from Shaakir Daud (Senior Associate), Patrick Yeo (Associate), and from the Tashkent office, Eldor Mannopov (Partner) and Sanjar Narzullaev (Senior Associate).

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