CIB grants a Syndicated Long Term Facility Agreement for EGP 1,273 million to one of the leading cement companies in Egypt
In another successful refinancing deal, the Firm was able to lead a smooth and successful closing of one of the major financing transactions with Commercial International Bank, S.A.E which grants South Valley Cement Company, SAE a Syndicated Long Term Facility Agreement for EGP 1,273 million to finance the investment cost of the Company’s Project, refinance the existing syndicated medium term facility agreement, payment of the capitalized amount withdrawn during the availability period of Tranche (B) and finance the working capital of the Borrower. The Firm’s role was drafting the Facility Agreement and all the related documentations and leads the negotiations between the Bank in its capacity as the Facility Agent and the Borrower.