Deal details
Jebel Ali Port - Acquisition Financing
Description
Acquisition loan concerning CDPQ's investment in Jebel Ali Port shares. CDPQ will invest US$2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22%.The Jebel Ali Port, Free Zone and National Industries Park together comprise a best-in-class group of infrastructure with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of over 8,700 companies from around the world, serving more than 3.5 billion people globally. The three assets generated pro-forma 2021 revenue of US$1.9 billion.
Assets involved
Companies involved
- WSP
- Ernst & Young
- Citi
- Scotia Bank (The Bank of Nova Scotia), Deutsche Bank, Societe Generale, JP Morgan, First Abu Dhabi Bank, Credit Agricole CIB, Abu Dhabi Commercial Bank, Standard Chartered, Citi, Emirates NBD
- First Abu Dhabi Bank, Emirates NBD, Societe Generale, Deutsche Bank, Abu Dhabi Commercial Bank, Citi, Standard Chartered, Scotia Bank (The Bank of Nova Scotia), JP Morgan, Credit Agricole CIB
- JP Morgan, Citi
- DP World, Caisse de dépôt et placement du Québec (CDPQ)
- Emirates NBD, JP Morgan, Citi, First Abu Dhabi Bank, Standard Chartered, Deutsche Bank
- Allen & Overy, Clifford Chance
- Latham & Watkins
Key information
Crystal Port Holding
2895$m
29-06-2022
Transport / Port
United Arab Emirates
Project & Infrastructure Finance
Not PPP
Tranche information
Bridge A
750$
Term Loan
750$m
US Dollar - USD
0
1.0 years
-
-
-
| Participant | role | ticket size |
|---|---|---|
| JP Morgan | MLA | 75$m |
| Citi | MLA | 75$m |
| Abu Dhabi Commercial Bank | MLA | 75$m |
| Scotia Bank (The Bank of Nova Scotia) | MLA | 75$m |
| Credit Agricole CIB | MLA | 75$m |
| Deutsche Bank | MLA | 75$m |
| Emirates NBD | MLA | 75$m |
| First Abu Dhabi Bank | MLA | 75$m |
| Societe Generale | MLA | 75$m |
| Standard Chartered | MLA | 75$m |
Bridge B
1,295$
Term Loan
1295$m
US Dollar - USD
0
1.0 years
-
-
-
| Participant | role | ticket size |
|---|---|---|
| Standard Chartered | MLA | 129$m |
| Societe Generale | MLA | 129$m |
| First Abu Dhabi Bank | MLA | 129$m |
| Emirates NBD | MLA | 129$m |
| Deutsche Bank | MLA | 129$m |
| Credit Agricole CIB | MLA | 129$m |
| Scotia Bank (The Bank of Nova Scotia) | MLA | 129$m |
| Abu Dhabi Commercial Bank | MLA | 129$m |
| Citi | MLA | 129$m |
| JP Morgan | MLA | 129$m |
Term Loan
500$
Term Loan
500$m
US Dollar - USD
0
10.0 years
-
-
-
| Participant | role | ticket size |
|---|---|---|
| Standard Chartered | MLA | 50$m |
| Societe Generale | MLA | 50$m |
| First Abu Dhabi Bank | MLA | 50$m |
| Emirates NBD | MLA | 50$m |
| Deutsche Bank | MLA | 50$m |
| Credit Agricole CIB | MLA | 50$m |
| Scotia Bank (The Bank of Nova Scotia) | MLA | 50$m |
| Abu Dhabi Commercial Bank | MLA | 50$m |
| Citi | MLA | 50$m |
| JP Morgan | MLA | 50$m |
DSRF
350$
Revolving credit facility
350$m
US Dollar - USD
0
5.0 years
-
-
-
| Participant | role | ticket size |
|---|---|---|
| Standard Chartered | MLA | 35$m |
| Societe Generale | MLA | 35$m |
| First Abu Dhabi Bank | MLA | 35$m |
| Emirates NBD | MLA | 35$m |
| Deutsche Bank | MLA | 35$m |
| Credit Agricole CIB | MLA | 35$m |
| Scotia Bank (The Bank of Nova Scotia) | MLA | 35$m |
| Abu Dhabi Commercial Bank | MLA | 35$m |
| Citi | MLA | 35$m |
| JP Morgan | MLA | 35$m |