– Investcorp Capital secured $800 million in refinancing through a revolving credit facility (RCF) with an international consortium of banks.

– The new facility, arranged by five prominent banks, exceeded its initial $600 million target, showcasing strong participation from regional and international institutions.

– With a four-year term and favorable pricing terms compared to existing arrangements, this financing will bolster Investcorp Capital’s Capital Financing Services (CFS) segment, which saw a remarkable 47% revenue increase year-on-year in H1 2024.

Investcorp Capital, an investor in private markets and provider of alternative capital financing services, recently concluded a significant refinancing endeavor, raising USD800 million through a revolving credit facility (RCF) in collaboration with an international consortium of banks.

This new facility serves to repay an existing USD600 million facility to Investcorp Group, established upon the Company’s listing on the ADX in November 2023.

Facilitated by five prominent banks including Abu Dhabi Commercial Bank PJSC, Al Ahli Bank of Kuwait (DIFC Branch), Commercial Bank of Dubai PSC, Gulf International Bank, and HSBC Bank Middle East Limited, the facility surpassed its initial $600 million target due to robust participation from major regional and international banks.

Spanning a four-year term with an optional one-year extension, the terms of this facility offer superior pricing compared to the existing arrangement with Investcorp Group. 

The financing infusion will bolster Investcorp Capital’s Capital Financing Services (CFS) line of business, aimed at seeding capital for fund launches and facilitating underwriting deal placements for new ventures.

Notably, Investcorp Capital’s H1 2024 earnings, disclosed in February, showcased a remarkable 47% revenue surge year-on-year in its CFS segment, indicating robust business performance. This achievement underscores the confidence banks have in Investcorp Capital’s strategic vision and operational prowess amid a challenging market landscape.

Chairman Mohammed Alardhi remarked, “Securing financing beyond our initial target underscores the appeal of Investcorp Capital and the promise within the global underwriting market, which continues to exhibit momentum in 2024.”

Abbas Rizvi, Chief Financial Officer of Investcorp Capital, expressed enthusiasm about the company’s growth prospects and the positive outcome of the refinancing endeavor.

He emphasized, “With this successful refinancing at competitive terms, we are well-positioned to expand our business and deliver robust returns to our stakeholders.”