Kuwait's Agility, one of the largest Gulf logistics companies, said on Sunday it had signed a new credit facility of 1.4 billion euros.
The transaction is part of a financing round that is expected to total about $3.2 billion, it said. The company said the money would will pay for the company's growth plans, including the financing of its acquisition of British aviation services company John Menzies.
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Agility did not disclose the source of the credit facility. Agility said on Thursday it had finalised its 763 million-pound ($924.37 million) acquisition of John Menzies, which it said would be combined with National Aviation Services (NAS).
The acquisition valued John Menzies at approximately 571 million pounds on a fully diluted basis and about 763 million pounds on an enterprise value basis, it said at the time.
