GoDubai
  
  
  
  
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

 
  Share
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 2599 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
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
New Season Haircare Must-Have: Head & Shoulders Invigorating Apple Fresh Range
SOUQ.com to Launch Half a Million Deals for White Friday 2017
Roja Parfums ELYSIUM - Now available at Paris Gallery in UAE
Give the Gift of Beautiful Hair with SHOW Beauty
Celebrating regional artistry, creativity and talent through a passion for makeu...
Runway Dubai Wrapped up an inspiring star studded event with iconic designer, Wa...
PLAY FOR PEACE, Spread Good Vibes this Christmas
FOREO: Futuristic Gifting Ideas
Infinix Launches Zero 5 in Dubai in Partnership with Souq.com
Six pairs of Emirati siblings marched together at Skyline's 27th Graduation Ceremony
Alessandro International mystifies with its launch event for its Winter Collection
Tissot Chrono XL - It's time to think big!
TKD Lingerie: New lingerie treats for the holidays
Stylish automatics from CITIZEN made for the special occasion
Santa Claus is coming to town on a festive Graham Chronofighter Vintage Nose Art Ltd
Chattels & More returns to Downtown Design showcasing limited edition pieces in ...
ALWAYS TOP OF THE CHARTS: THE ICONS
Ulysse Nardin Marine Torpilleur Military - The Mark of A Captain
Dubai RAK Diabetes Center launches Dhs 1 Diabetes screening for residents
The Rado True Cyclo - Exclusive watch co-developed with French designer Philippe...
Alpha Assured Assistance (AAA) Loyalty Program to ramp up loyalty landscape in t...
Malabar Gold & Diamonds launched its 195th store in Mandya, Karnataka, India
SIAL Middle East to Host 22,000 Food Industry Experts
Middle East Food Forum (MEFF) to host its 2nd edition co-located with SIAL Middl...
Fatima Bint Abdul Malik Primary School Crowned Champion of “Lughati Cup 2017”
Tub Of Butter Celebrates First Birthday with 1 Dhs Coffee
SAINT HONORE Celebrates the UAE's 46th National Day with a Limited Edition Hauss...
Dubai Sports Council Championship for Football Academies set for a “bigger and b...
India's largest education technology provider BYJU'S unveils a whole new persona...
Chattels & More returns to Downtown Design showcasing limited edition pieces whi...
Wataniya Airways to add 25 A320neo Family aircraft
H.H. Sheikh Hamdan bin Zayed Al Nahyan Tours the Barakah Nuclear Energy Plant
Dubai Shines as Global Industry Descends on Vod Dubai International Jewellery Show
Dubai Festival City Reveals Highlights of the Dubai Fitness Challenge Closing Ce...
LG Unveils Expanded Medical Imaging Product Lineup at Medica 2017
Fashion Forum by College of Fashion Design (CFD)
Dubai Customs' Smart Refund initiative to the finals of “Smart Government” program
Etisalat UAE conducts first VoLTE call over Cat-M1 IoT network in the region
New Intelligent Huawei Phone Wows UAE's Most Stylish at Arab Fashion Week
Schneider Electric at ADIPEC 2017: Real-time Data to Revolutionise Oil and Gas I...
Steel Alliance Against Counterfeiting: “Risks posed by counterfeiting put the wh...
Lexus launches reimagined flagship, all-new 'LS' in the UAE
Aston Martin at the 2017 Dubai International Motor Show
Abu Dhabi Residents Learn About Nuclear Energy and Latest Project Updates at ENE...
Augmented Reality safety glasses eye Middle East debut at Intersec 2018
7% growth of oil and gas companies in Jafza
Renewable Energy Can Be Strengthened in Next Round of Climate Negotiations
ADSB successfully expands into oil and gas industry despite low oil prices
Khalifa University Showcases Research Projects in Oil and Gas Sector at ADIPEC 2017
Dr. Raza Siddiqui Bags the Healthcare CEO of the Year Award at London Ceremony