Dreny & Partners with lending consortium on syndicated loan
Dreny & Partners advised the syndicate of lending banks— Commercial International Bank (CIB Egypt), Banque Due Caire, Banque Misr, National Bank of Kuwait (NBK Egypt), Bank NXT, The United Bank of Egypt, Housing & Development Bank, and led by IMLA, The National Bank of Egypt (NBE)—in connection with a syndicated medium-term loan facility of EGP 2.8 billion extended to Gharably Integrated Engineering Company (GIECO).
The context
This facility in question represents a continuation of the initial financing for the same strategic development project, thus supporting its second phase.
In connection with the transaction, The National Bank of Egypt acted as the facility agent, with the Commercial International Bank serving as the security agent.
The Dreny & Partners team
Managing partner Motaz El Dreny (pictured left) led the Dreny & Partners team on the matter. The firm’s banking and finance team working on the transaction included managing associate Nada Kamal (pictured right), and paralegal Youssef Abbas.
