PC in multan: Pak Services gets Rs1.8b in financing

KARACHI: Pakistan Services Limited has achieved financial close of its Rs1.8 billion syndicated term finance facility for the development of 120 rooms for its upcoming Pearl Continental Hotel in Multan, says a press release. Lead arrangers and participants in the financing facility are Industrial and Commercial Bank of China, National Bank of Pakistan, Askari Bank Limited, Soneri Bank Limited and JS Bank Limited. Burj Capital acted as the lead arranger and adviser to the transaction. Pakistan Services management and the lead arrangers signed the documents at a ceremony held recently.

Published in The Express Tribune, November 9^th, 2013.

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