Capital Bank of Jordan signs $115m loan facility

A senior unsecure syndicated term loan facility for USD 115 million was successfully signed on August 15, 2022, according to Capital Bank of Jordan (“CBJ” or the “Borrower”).

Mashreq bank psc served as the facility’s sole coordinator, agent, mandated lead arranger, and book-runner. Mandated Lead Arrangers included Banque du Caire and Abu Dhabi Commercial Bank PJSC.

Bank Muscat S.A.O.G., Doha Bank Q.P.S.C., Habib Bank LTD., HBL Belgium, The National Bank of Ras Al-Khaimah (P.S.C.), Tunis International Bank, and United Bank Limited served as arrangers, while Bank of Jordan Company – Wholesale Banking Branch – Bahrain and United Arab Bank PJSC served as lead arrangers. The legal advice for the lenders was Clifford Chance LLP.

The Facility will be utilised to satisfy CBJ’s general corporate financial needs. The Facility was an overwhelming success, with a sold-out book size. Given that it was CBJ’s first-ever syndicated loan, the involvement of 12 banks from the area and across 2 continents helped to raise CBJ’s visibility locally.