Wednesday 30, September 2009 by

Qtel’s revolving credit facility oversubscribed by 100 per cent

Qatar Telecom (Qtel) has signed a syndicated revolving credit facility, following the closing of the general syndication phase of the $1.5 billion facility that was closed in March 2009. The general syndication, which was launched at $1.5 billion, was to provide existing and new lenders to Qtel an opportunity to join the facility. The Facility was oversubscribed by more than 100 per cent and the final facility size was increased to $2 billion.

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