Abu Dhabi-Mubasher: The majority shareholders of UAE Exchange Centre and Travelex Holdings Limited closed a $890 million term loan financing to support their growth, according to a statement.

The shareholders reserve the option to increase the total facilities by $75 million.

The majority shareholders in both Travelex and UAE Exchange are Centurion Investments and Dr. B. R. Shetty.

The proceeds are being used to refinance the bridge loan for the acquisition of Travelex by the shareholders completed in January 2015 and to finance the integration of both firms.