08 04 2016

UAE Exchange and Travelex on $890 million loan

Linklaters has advised UAE Exchange Centre LLC Exchange and Travelex Holdings Limited as they secured a US$890 million term loan financing to support the growth of the two companies.


The shareholders in both Travelex and UAE Exchange are Centurion Investments, a leading UAE investment firm, and Dr. B. R. Shetty, a well-known entrepreneur and philanthropist. The Linklaters team was led by Corporate partner Nick Garland, Banking partner John Tucker and managing associate Andrew Jennens. Goldman Sachs & Qatar National Bank acted as Global Coordinators, Bookrunners and Mandated Lead Arrangers and Doha Bank acted as Coordinator, Bookrunner and Mandated Lead Arranger. The other Bookrunners and Mandated Lead Arrangers were Barclays Bank, Commercial Bank International and National Bank of Fujairah. Abu Dhabi Commercial Bank & IDBI Bank Limited acted as Mandated Lead Arrangers and Axis Bank as Lead Arranger. Evercore, Guggenheim KBBO Partners, MENA Financial Partners and Corinthia Capital have acted as the Shareholders' financial advisors for the transaction. Involved fees earner: Nick Garland - Linklaters; John Tucker - Linklaters; Andrew Jennens - Linklaters;

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