Aviation services company Dubai Aerospace Enterprise (DAE) has signed an AED 2.75 billion ($750 million) five-year unsecured term loan with Emirates NBD Bank (ENBD).
""This transaction marks a further deepening of our relationship with ENBD,"" said DAE CEO Firoz Tarapore, ""one of the largest lenders in the UAE, through this Emirati Dirham denominated term loan. The loan will serve to further strengthen our exceptional liquidity.""
The loan will be used for general corporate purposes and support the company's future financing requirements.
DAE signs $750 million 5-year unsecured term loan
