Sunday 26, January 2014 by

Empower details $600 million loan and growth strategy

Empower the district cooling services provider, has announced details of a $600 million loan secured by the company recently. The syndicated term loan facility has been underwritten through four mandated lead arrangers, including Citibank, Standard Chartered, Emirate NBD and Mashreq with a six-year term. Repayments are scheduled to be made in half-yearly installments with the final installment due to be made in December 2019.

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