Feb 06 2008
Trowers & Hamlins advises Oasis Leasing on $500m corporate facility with 8 banks
Roger Clarke, Partner, of Trowers & Hamlins Banking & Finance team, says that the lending facility will provide Oasis with the bridge finance required to acquire assets on a fast track basis to help achieve its aggressive growth plans.
Oasis announced a restructuring plan early last year, under which it will establish four subsidiaries in leasing, land, maritime and financial investments.
The total value of leasing deals that Trowers & Hamlins has advised on in the last 12 months is now US$1.25 billion.
Trowers & Hamlins’ leasing team advises a growing number of international and regional airline operators, as well as lessors and lenders.
Roger Clarke comments: “We are delighted to have acted for Oasis on such an important transaction.”
The banks that committed funds for the facility were Abu Dhabi Commercial Bank (ADCB), Emirates Bank International (EBI), First Gulf Bank (FGB), Gulf International Bank (GIB), HSBC, National Bank of Abu Dhabi (NBAD), National Bank of Dubai (NBD) and The Saudi British Bank (SABB). National Bank of Abu Dhabi (NBAD) is acting as Facility Agent.