Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

Oversubscribed facility focuses on growth opportunities & strategic expansion 
Dubai, United Arab Emirates, November 14, 2017:   Unatrac Holding Limited (“Unatrac”), the exclusive Caterpillar dealer in Ghana, Iraq, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda, announced today the successful completion of a $275m credit package comprising of a $225 million dollar five year revolving credit facility, with a $125m accordion option, and a $50 million dollar one year short term facility.
The facility, arranged by Barclays Bank PLC and J.P. Morgan Securities Plc who acted as Joint Global Coordinators, Bookrunners and Mandated Lead Arrangers, received significant interest resulting in the syndication closing oversubscribed. 
The Mandated Lead Arrangers are
  • Abu Dhabi Commercial Bank PJSC
  • Caterpillar Financial Services (Dubai) Limited
  • Citi
  • Commercial Bank of Dubai PSC
  • First Abu Dhabi Bank PJSC
  • The Standard Bank of South Africa Limited
Unatrac is one of the leading Caterpillar dealers globally, ranked consistently amongst the top 3 in Africa and the Middle East. The company has exclusive dealership rights in 9 countries across Africa, the Middle East and Russia, and an export sales office in the United Kingdom. Recently, the company was recognized as one of 12 Dealers globally out of total 172 for excellent performance, and one of only two in AME commended for its distinguished Centre of Excellence approach.
The transaction has been advised by Man Capital, the investment arm of the Mansour Group.
Unatrac is a 100% owned by the Mansour family, founders of one of the largest privately-owned conglomerates in the MEA region: the Mansour Group.

Posted by : GoDubai Editorial Team
Viewed 5880 times
Posted on : Tuesday, November 14, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ali Sajwani Recognised as Future Leader at Business Awards Honouring Region's Top Achievers
Next Story : Noor Bank and Global Village Announce Strategic Partnership
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Bhima Jewellers Wows Women on International Women's Day
Foreo Declares 2018 the Year of Confidence
Beauty Indulgences for Mums this Mother's Day
Built for the Way We Communicate Today: Samsung Galaxy S9 and S9+ Launches in the UAE
The Ultimate Mother's Day Beauty and Wellness Gifts
The Sheet Mask Trend
Design International to open doors at d3
Tissot PRS 516 Alpine Limited Edition A sporting tribute
Rise and Shine with Sophie's
International fragrance houses look to Middle East as inspiration for global per...
Filorga Launches Lift Range
SMCCU opens its doors for SIKKA Art Fair
Max launches its Inaugural Abaya Collection
“The Night of Italian Design” at D3 Attracts Design Enthusiasts
LULU Organic Food Activation
Al-Futtaim Honda launches 10th generation Honda Accord
Iconic milkshake brand Keventers to open 30 outlets across the UAE in 2018
It's Mother's Day!
Mother's Day Offer from Blush N Curls Salon
An Open Secret - The new Flying Regulator Open Gear provides deep insights
Luxury First: Range Rover Sv Coupé Debuts at Geneva Motor Show
UAE Jiu-jitsu Federation® Conducted the Official Weigh-ins of Abu Dhabi Grand Sl...
Reading Champions Declared at 10th Emirates Airline Festival of Literature
Preps for the Fazza Championships for Shooting Saktoun Riffle begin on March 11
Drink yourself to looking younger with Skinade
Own your pores like a Bioré Princess!
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
Nissan's e-POWER technology wins environmental award
Top Perfume Picks for Mother's Day @ Glambeaute.com
The Dubai Mall unveils Fashion Avenue; the region's most prestigious luxury des...
Elina Svitolina takes New York by storm and wins it all!
Johnson's® Baby Launches Its First Semi-therapeutic Product Range
Cadillac Alghanim kicks off world-class opportunity in Kuwait
UAE's first ICU Symposium attracts over 150 of GCCs top healthcare professionals
Arabian Healthcare Group and Dignity Health USA team up to expand world-class cl...
Dubai Customs commemorates 30th anniversary of the Harmonized System
The V-Tox Facial by Linda Meredith Skincare
Velvet Caviar meets Roger Dubuis Diva power
Making First Impressions Finer
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
Sanofi introduces innovative therapy to help address high unmet medical needs of...
10th Emirates Airline Festival of Literature Ends with a Bang!
Corporate Power Dressing redefined at Kachins Signature
Danube Properties is all set to sparkle with their latest “Jewelz”.
Alexey Firsov Solo Exhibition
PCFC, GDRFA conclude Successful Marriage program ahead of 7th Mass Wedding
Evonik Acrylics Africa expands with a new location in Cape Town