Amman-based Kurdi Law has advised Royal Jordanian Airlines on a $275 million financing provided by a syndicate of eight banks that includes Dubai-headquartered Mashreq Bank, which turned to Dentons for legal counsel.

Mashreq acted as sole bookrunner and mandated lead arranger, along with Al Khalij Commercial Bank, Arab Bank, Dubai Islamic Bank PJSC and The Commercial Bank.

The dual facility consisted of a conventional tranche and an Islamic tranche, based on a wakala arrangement. Denton’s Dubai-based finance partner Neil Cuthbert advised Mashreq alongside Amman managing partner Safwan Moubaydeen.

Meanwhile, managing partner Hani Kurdi oversaw the transaction for Kurdi Law.

Related Articles

Deals

Dentons Link Legal, Dentons U.S., Crawford Bayley guide $358 mln SpiceJet QIP

by Nimitt Dixit |

Dentons Link Legal acted for troubled and cash-strapped Indian airline SpiceJet on its $358 million financial infusion through a qualified institutional placement of equity shares. Crawford Bayley & Co and Dentons U.S. acted as domestic and international counsel respectively to the book-running lead managers, DAM Capital Advisors and JM Financial.

Appointments

Dentons expands HK disputes team with NRF trio

by Asian Legal Business《亚洲法律杂志》 |

Global law firm Dentons has strengthened its litigation and arbitration practice in Hong Kong after hiring three lawyers from Norton Rose Fulbright, namely partner Alfred Wu, senior consultant Philip Nunn, and senior associate Muriel Cheng.

Appointments

Dorsey adds Dentons capital markets pro in HK

by Nimitt Dixit |

U.S. law firm Dorsey & Whitney has enhanced its capital markets capabilities in Hong Kong with the addition of Rachel Han as a partner from Dentons.