Abu Dhabi’s Mubadala in talks with banks to refinance loan - sources | Reuters

Abu Dhabi’s Mubadala in talks with banks to refinance loan - sources | Reuters:

Abu Dhabi’s Mubadala is in talks with banks to refinance an existing $1.75 billion revolving loan due in May next year, three sources familiar with the matter said. 


The state investment fund signed the original loan in 2016 with a group of 21 international banks. A revolving loan is one that can be drawn, repaid and drawn again during the agreed lending period.

“Mubadala has maintained revolving credit facilities since 2006 as part of our strategy to achieve a diversified funding base for the Group. Our current revolving credit facility matures in 2019, and we are planning to renew with our core relationship banks,” said a spokesman for the state fund.