Monday, May 23, 2011

Gulf Drilling International announces the closing of a US$430 million credit facility

Gulf Drilling International Limited (Q.S.C.) (GDI) announced today that it has closed a new US$430 million (QR 1.57 billion) credit facility with a syndicate of three banks.

The Mandated Lead Arrangers of the credit facility are Qatar National Bank S.A.Q. (QNB) , Samba Financial Group (Samba), and International Bank of Qatar Q.S.C (IBQ) while QNB is also the Facility Agent and Security Agent.

During the Signing Ceremony
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/gulf-drilling-international-announces-closing-us430-million-credit-facility

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