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Report: Investcorp enlists banks for refinancing of US$400M revolver

Investcorp Bank BSC tapped Citigroup Inc. and JPMorgan Chase & Co. to arrange the refinancing of a US$400 million revolving credit facility, Reuters reported, citing people familiar with the matter.

The loan secured by the Bahrain-based private equity firm in 2016 is due in 2020, the sources said, adding that the new revolver is being syndicated to other banks.

Investcorp and Citi did not comment on the matter, while JPMorgan did not immediately respond to a comment request, according to Reuters.