BusinessLatest Business and Company Updates
VFS Global Secures 7-Year Dollar Loan at Tightened Spread
VFS Global has priced a seven-year USD tranche of $1,010 million at 250 basis points over SOFR, marking a 50bps tightening from its previous guidance. The loan forms part of a dual-currency raise, with an equivalent euro tranche also in play as part of a broader funding package totalling approximately $2
Dana Gas halts Khor Mor output over threats
Dana Gas has temporarily shut the main production facilities at Iraq’s Khor Mor gas field after receiving what it described as credible security threats amid escalating regional tensions. The company said the precautionary suspension was intended to protect employees and infrastructure
Mubadala exits Arcadia stake following Bansk-led takeover
Mubadala Investment Company has sold its minority holding in Arcadia Consumer Healthcare, completing its exit from the United States-based consumer health and wellness platform alongside the company’s acquisition by funds managed by Bansk Group. The transaction marks a change in
Aldar lines up banks for dollar hybrid note sale
Aldar Properties PJSC, Abu Dhabi’s largest property developer and real estate asset manager by total assets, has appointed a syndicate of global and regional banks for a planned US dollar-denominated hybrid notes issuance, a move that underscores the company’s intention
