Bloomberg News

Arcapita Said to Hire Advisers for $1.1 Billion Loan Repayment

February 27, 2012

Arcapita Bank BSC, owners of Irish power utility Viridian Group Plc, hired NM Rothschild & Sons Ltd., KPMG and Linklaters LLP to advise on a $1.1 billion loan repayment due in March, said two people familiar with the plans.

Royal Bank of Scotland Plc is chairing a coordinating committee of lenders, one of the people said. They declined to be identified because the matter is private.

A spokesmen for Arcapita declined to comment. Nicole Hayde, a spokeswoman for RBS in Dubai, didn’t have a comment when contacted today. The Financial Times reported the appointment earlier today.

To contact the reporters on this story: Stefania Bianchi in Dubai at sbianchi10@bloomberg.net; Arif Sharif in Dubai at asharif2@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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