Ahmed & Qazi

PKR 4b facilities closed — A&Q represents 5 lenders

Today, with A&Q as financiers’ legal counsel, 5 banks have closed PKR 4B facilities to a leading cable company, comprising: (1) a syndicated long-term conventional facility of PKR 3.15B, and (2) a syndicated long-term Islamic musharaka facility of PKR 850M. The purpose of the facilities is to fund project cost overruns of the borrower‘s manufacturing plant. A&Q team was led by Nazif Ahmed (Head — Corporate) and Altan Ahmed (Senior Associate).