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Latham Advises Investcorp Capital plc on US$800 Million Credit Facility

March 13, 2024
The new facility demonstrates strong support from major regional and international financial institutions.

Latham & Watkins has advised Investcorp Capital plc (Investcorp), an investor in private markets and provider of capital financing services in the alternative investments space listed on the Abu Dhabi Securities Exchange, on its US$800 million revolving credit facility extended by a consortium of regional and international banks. The new facility will be utilised in part to refinance certain existing financial indebtedness of the Investcorp Group and thereafter for Investcorp’s general corporate purposes.

The new facility was fully underwritten and arranged by five banks: Abu Dhabi Commercial Bank PJSC, Al Ahli Bank of Kuwait (DIFC Branch), Commercial Bank of Dubai PSC, Gulf International Bank and HSBC Bank Middle East Limited. Strong participation interest from major regional and international banks allowed Investcorp to secure an additional US$200 million of participations beyond its initial US$600 million target.

The Latham team was led by Dubai partner Christian Adams, with associates Isabel Overton and Mustafa Darwich.