AWAS Increases Its Credit Facility

AWAS has increased its first unsecured revolving credit facility from the original target of $300m to $435m. The increase was due to strong feedback following presentations in New York, Singapore and Taipei, the lessor said. Twelve lenders, six of which are new to AWAS, have committed to the facility. The transaction was supported by four joint-lead arrangers: Royal Bank of Scotland; RBC Capital Markets; DBS Bank; and BNP Paribas. This facility will have a three-year term with pricing at libor plus 225 basis points. AWAS has a BB+ corporate credit rating.  

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