Dubai-based Shuaa Capital has secured a $160m loan to help finance its acquisition of Allianz Marine and Logistics Services Holding.
The seven-year facility has been agreed with the National Bank of Fujairah (NBF) and Arab Petroleum Investments Corp (APICORP), an energy-focused multilateral financial institution.
The loan is one of the largest secured overnight funding rate (SOFR) based facilities of its size for a leveraged buyout transaction in the region, Shuaa Capital said.
