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Arcapita Lines Up $350M in Bankruptcy-Exit Financing

Wed, 2013-05-08 17:46 — newsdesk

Arcapita Bank has lined up $350 million in financing to take it out of Chapter 11 protection this summer. The Bahraini investment firm is seeking bankruptcy-court approval to move forward with a deal under which Goldman Sachs International will arrange and syndicate up to $350 million in financing, which court papers show will be structured to be compliant with Islamic Sharia law.

Source: 

http://pevc.dowjones.com/Article?an=DJFLBO0020130507e957ipp5u&cid=321350...