JUNE 15TH, 2015

AWAS closes its first Asian Unsecured Revolving Credit Facility

AWAS announced today that its first Asian Unsecured Revolving Credit Facility size was increased from the original $65m target to a final $100m due to strong syndication feedback from Asian banks. The deal was 70% oversubscribed from the initial launch size.

The transaction was arranged by Mandated Lead Arranger and Bookrunner DBS Bank Ltd., who also provided the Asia focused syndicated loan an anchor commitment. The facility includes new unsecured lenders for AWAS, including The Bank of East Asia, Limited, Singapore Branch and the Korea Development Bank, Singapore Branch as well as existing lenders Mega International Commercial Bank Co., Ltd., Offshore Banking Branch and Taiwan Cooperative Bank, Offshore Banking Branch.

Frederic Mireur, Head of AWAS Corporate Finance: “We are delighted to close this important new facility led by DBS Bank. The fact that our existing lenders continued to support us, and new lenders joined, demonstrates the confidence of the banking community in AWAS’s business model and capabilities. This facility, added to our previous $435m RCF closed last year, further increases our access to well-priced and flexible capital, and will be key in helping AWAS execute our strategic objectives going forward.”

This new facility will have a 3 year term with pricing at Libor plus 215bp supported by AWAS’ BB+ Corporate Credit Rating, positive consolidated results and successful expansion of its global leasing platform.