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Dubai Aerospace Enterprise (DAE) has signed a $ 720 million revolving credit facility with a consortium of nine five-year international banks in the United States, Europe and Asia.
"The transaction will significantly enhance the company's liquidity portfolio and allow it to take advantage of market opportunities to acquire assets and grow its business," said Fayrouz Tarapur, CEO of DAE.
"In October, DAE acquired its first investment rating," BBB +. "Strengthening its liquidity portfolio and improving its overall financial position are part of the efforts that have been made in the past year. it deploys to obtain investment ratings from all major rating agencies.
Dubai International Financial Center, Gate District, Building 4, 3rd Floor, PO Box 506592, Dubai, United Arab Emirates,
Tel: +971 4 428 9500, website: www.dubaiaerospace.com
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