Air Link, Select close Rs4.8bn financing deal

Air Link Communication Limited and its wholly owned subsidiary, Select Technologies Limited, have achieved the financial close of a Rs4.76bn, 10-year Islamic syndicated term finance facility to support the expansion of their manufacturing operations at the Sundar Green Special Economic Zone. The financing has been arranged through a consortium led by The Bank of Punjab, with Askari Bank Limited, BankIslami Pakistan Limited and Pak China Investment Company Limited serving as Mandated Lead Advisors and Arrangers (MLAAs). InfraZamin Pakistan Limited is providing a Rs3.57bn credit guarantee, enabling the companies to secure long-term financing.