Carbon Holdings recapitalizes $265M of medium-term debt
Updated 10/18/2023 9:55:00 AM
Arab Finance: Egypt’s petrochemical firm Carbon Holdings has recapitalized its loans worth $265 million with Africa Finance Corporation (AFC), the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), and Gulf Capital, as per an emailed press release.
The recapitalization provided Carbon Holdings with the needed financial flexibility to keep up with its operations amid the global supply chain challenges.
“We are hopeful that the new capital structure will enable Carbon Holdings to unlock significant potential value in its underlying assets and to effectively navigate the changing economic landscape,” Executive Director at Gulf Capital Majd Khodr commented.
The NYSE-listed investment bank Houlihan Lokey served as the financial advisor on the transactions, whereas Gulf Capital led the discussions on behalf of the lenders.
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