Abu Dhabi's Mubadala to launch $2 bln refinancing next week
Tuesday, 29 January 2013
DUBAI: Abu Dhabi investment vehicle Mubadala will launch the refinancing of a $2 billion revolving credit facility next week, replacing it with a three-year, multi-currency loan, a senior executive said on Tuesday.
Pricing for the new facility, which will be self-arranged, is expected to be "a bit vicious," Kelly Thomson, head of structured finance at Mubadala said on the sidelines of a conference in Dubai.
The new loan will be in dollar, euros and pounds, she added.
State-owned Mubadala owns stakes in global companies like General Electric and private equity firm Carlyle. (Reuters)