IFLR1000

Palm Hills Development E£2.4 billion syndicated loan facility

31/12/2015
Leveraged finance
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E£ 2.4 billion

$ 270 million

Announced

31/12/2015

Overview:

  • Palm Hills Development and Rakeen Egypt for Investment received E£2.4 billion in financing from a syndicate of banks including Arab Africa International Bank, National Bank of Egypt and Misr Bank.
  • Palm Hills Developments Company is a real estate company in Egypt which develops resorts and commercial and residential projects. 

Rani Mehta - Journalist

Jurisdiction:

Egypt

Deal type:

Leveraged finance

Practice area:

Banking

Industry sector:

Real estate

Firm:
Al Kamel Law

Party: Palm Hills Developments Company (Borrower)

Lawyer: Rasheed Kamel

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