Charles Russell oversees million dollar revolving credit facility

Charles Russell LLP international banking team has advised the banking syndicate on a conventional USD250 million revolving credit facility made available to Bahrain Mumtalakat Holding Company B.S.C.(c), Bahrain’s sovereign wealth fund. 

The team acted on behalf of mandated lead arranger and facility agent National Bank of Bahrain B.S.C. (NBB), one of five local and regional lenders involved in the club deal. The other parties involved were mandated lead arranger and structuring bank Gulf International Bank (GIB) B.S.C.(c) and co-arrangers Arab Bank plc, BBK B.S.C. and Mashreq Bank. Charles Russell fielded a team across its Bahrain, London and Geneva offices. NBB client relationship partner, Clive Hopewell, commented: “This was the perfect deal to showcase Charles Russell’s growing finance practice in the Middle East. It was an important deal for Bahrain and Charles Russell was delighted to have been involved”. 

The deal team included Tom Briggs, partner, and Khalid Javaid, consultant, at Charles Russell’s Bahrain office, International Banking Head, Jon Bond and Geneva-based senior associate Bethan Davies.