(MENAFN) OSN, the leading pay-TV network in the Middle East and North Africa (Mena), has successfully closed its first syndicated five-year financing facility for USD200 million. Mashreq, UAE's leading financial institution, acted as the sole mandated lead arranger, book runner and underwriter for this syndication, The Peninsula Qatar reported.
The transaction received an overwhelming response from international and regional banks and was heavily oversubscribed.
The proceeds of the facility will be utilized by OSN to further grow and strengthen its core business in line with the company's objective to provide viewers with the ultimate entertainment experience.
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