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DAE secures $450 million funding
17 June 2009
DAE Capital has secured a $450 million Ex-Im guaranteed loan from Citibank for the purchase of nine aircraft, with the Dubai-based company planning a capital market issuance to replace the borrowing facility.
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DAE
DAE Capital
Emirates
Emirates SkyCargo
Ex-Im Bank
Boeing
777 Freighter
DAE Capital has secured a $450 million Ex-Im guaranteed loan facility from Citibank to fund the purchase of nine Boeing aircraft. DAE will also issue a capital markets note to replace the borrowing from this facility and diversify its funding sources.
The aircraft will be delivered between June 2009...
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