Dubai – Mubasher: Unatrac Holding Limited on Tuesday announced the completion of a $275 million credit package including a $225 million five-year revolving credit facility, along with a $125 million accordion option, and a $50 million one-year short-term facility.

“The facility received significant interest resulting in the syndication closing oversubscribed,” according to a company statement.  

The UK’s Barclays Bank and J.P. Morgan Securities will arrange the facility and act as joint global coordinators, bookrunners and mandated lead arrangers, Unatrac Holding added.

The company also stated that Abu Dhabi Commercial Bank (ADCB), Caterpillar Financial Services Dubai, Citi Bank, and Commercial Bank of Dubai (CBD) will be lead arrangers of the deal. 

Man Capital, the investment arm of the Mansour Group, advised on the deal, the UAE-based company concluded. 

Unatrac Holding is the exclusive caterpillar dealer in Ghana, Iraq, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda