Ooredoo Successfully Secures New Four Year Us$ 1.0 Billion Revolving Credit Facility

Doha, April 03 (QNA) -Ooredoo (Qatar Telecom (Qtel) Q.S.C.) Ticker QTEL.QA, announced here on Wednesday the signing of a new four year US$ 1.0 billion revolving credit facility. The facility was arranged by the following banks: Bank of America N.A. London Branch, The Bank of Tokyo-Mitsubishi UFJ Ltd., Barclays Bank PLC, Citibank N.A. Nassau, Bahamas Branch, DBS Bank Ltd., Deutsche Bank Luxembourg S.A, HSBC Bank Middle East Limited, J.P. Morgan Chase Bank N.A., Mizuho Corporate Bank Ltd., Morgan Stanley Senior Funding Inc., Qatar National Bank S.A.Q., The Royal Bank of Scotland PLC, Sumitomo Mitsui Banking Corporation and Samba Financial Group, said a statement Ooredoo issued at its Qatar Exhange website here today. Qatar National Bank S.A.Q. also acted as General Financial Advisor, Documentation Coordinator and Facility Agent to Ooredoo. The facility will be used for general corporate purposes including the partial refinancing of an existing US$ 1.25 billion Revolving Credit Facility which matures on the 23rd of May 2013.(QNA)