Investcorp Capital PLC

Investcorp Capital has secured a $800m refinancing through a revolving credit facility from an international consortium of banks. This facility will enable the company to repay an existing $600m facility to Investcorp Group. The new facility was arranged by five banks and exceeded its $600m target due to strong interest from regional and international banks, allowing Investcorp Capital to secure an additional $200m. The funds will be used to expand the Capital Financing Services line of Investcorp Capital's business. The company's first half 2024 earnings showed a 47% increase in revenues year-on-year from its Capital Financing Services business. The successful refinancing indicates a strong belief in Investcorp Capital's business and strategy.

On March 8, 2024, Investcorp Capital plc, a listed company, entered into a transaction with a related party, Investcorp S.A. The deal, which constitutes less than 0.001% of the company's capital, involved a guarantee and placement fee. Investcorp Capital plc agreed to pay a 1% fee, equivalent to USD 8 million, to Investcorp S.A. This fee is in relation to the total commitments of a new revolving credit facility arranged by Investcorp S.A and guaranteed by them. Investcorp S.A. owns 71.43% of Investcorp Capital plc. The benefit to the related party is USD 8 million.

On 8 March 2024, Investcorp Capital plc entered into a new revolving credit facility agreement worth USD 800 million with a syndicate of regional and international banks. The credit facility, which is guaranteed by Investcorp S.A., is expected to positively impact Investcorp Capital plc's financial position. The initial utilization of the facility will be used to fully repay an intercompany receivable between a subsidiary of Investcorp Capital plc and Investcorp S.A. The additional funds will be used for Investcorp Capital plc's corporate purposes and to support its investment strategy. The financial impact will be reflected in the first quarter of 2024 ending 31 March 2024. The announcement was signed by H.E. Mohammed Alardhi, Chairman of the Board.

On March 8, 2024, Investcorp Capital plc announced it has entered into a new revolving credit facility of USD 800 million with a syndicate of regional and international banks, with Investcorp S.A. as the guarantor. The facility is expected to positively impact Investcorp Capital plc’s financial position. The initial proceeds will be used to fully repay an intercompany receivable between a subsidiary of Investcorp Capital plc and Investcorp S.A. The remaining funds will be utilized for general corporate purposes and to support the company's investment strategy. The financial impact will be reflected in the first quarter of 2024, ending March 31, 2024. The announcement was authorized by H.E. Mohammed Alardhi, Chairman of the Board.

On March 8, 2024, Investcorp Capital plc agreed to a deal with Investcorp S.A., a related party that owns 71.43% of Investcorp Capital plc. The deal involved a guarantee and placement fee (the "Fee") of less than 0.001% of the company's capital. The Fee equates to 1% (USD 8 million) of the total commitments of a new revolving credit facility entered into by Investcorp Capital plc and a syndicate of lenders. In return for the Fee, Investcorp S.A. agreed to arrange the revolving credit facility and guarantee all of Investcorp Capital plc’s obligations under it. The related party's benefit from the deal is USD 8 million.

The Board of Directors of Investcorp Capital plc met on February 11, 2024, at the Rosewood Hotel in Abu Dhabi. They approved the company's reviewed financial statements for the six months ending December 31, 2023. They also approved the payment of an interim cash dividend of USD 59,665,178.33 (equivalent to AED 219,150,200.00).

The text provides an interim condensed consolidated financial statement for Investcorp Capital PLC (previously known as Investcorp Capital Limited). The financial report covers the period from July 1, 2023, to December 31, 2023.

Investcorp Capital, a provider of capital and capital financing services, has announced its interim results for the six-month period ending 31 December 2023. The company reported a Comprehensive Income of $34m, matching its H1 FY23 performance. Its Capital Financing Services business saw a 47% increase in revenues year-on-year. The Board declared an interim dividend of 0.100 Dirhams per share, representing a 9.6% annualized dividend yield based on the current trading price. This aligns with the company's commitment to deliver a dividend yield of at least 8% per year to its investors. The company has also incorporated infrastructure into its portfolio of asset classes for growth and diversification.

Investcorp Capital plc has announced an earnings call for its H1 FY24 results, covering the six months ended 31 December 2023. The call, moderated by Aybek Islamov, will take place on Monday, February 12, 2024, at various times for different regions. Key speakers at the event will include Hazem Ben-Gacem, Co-CEO of Investcorp Group and Vice Chairman of Investcorp Capital's Board, Tim Mattar, CEO of Investcorp Capital, and Abbas Rizvi, CFO of Investcorp Capital.

The CEO of the Securities and Commodities Authority (SCA), Dr. Mariam Al Suwaidi, has been notified that the Board of Directors of Investcorp Capital plc will hold a meeting on February 11, 2024. The meeting will take place at 3:30 p.m. UAE time at the Rosewood Hotel in Abu Dhabi. The agenda includes reviewing and approving the company's financial statements for the six months ending December 31, 2023, and discussing the distribution of interim dividends.