AWAS announced that it has closed its first Unsecured Revolving Credit Facility. The transaction size was increased from the original $300m (deal ID 3120) target to $425m due to strong syndication feedback.
The commitments for this Facility are sourced from total of 12 lenders, including 6 new lenders to AWAS. The transaction was supported by commitments from four joint-lead arrangers (JLAs), Royal Bank of Scotland, RBC Capital Markets, DBS Bank and BNP Paribas.
This new facility will have a 3 year term with pricing at Libor plus 225bp supported by AWAS’ BB+ Corporate Credit Rating
