Abu Dhabi-based Modon closes $3.7bln syndicated loan

Zawya · Staff Writer ·

The dual-tranche offering comprises a AED 4.7 billion five-year term loan and a AED 9 billion three-year revolving facility

The Abu Dhabi-listed Modon Holding has closed a 13.7 billion UAE dirhams ($3.7 billion) syndicated loan facility to support its growth strategy.

Abu Dhabi-based Modon closes $3.7bln syndicated loan

The dual-tranche offering comprises a AED 4.7 billion five-year term loan and a AED 9 billion three-year revolving facility

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