Arcapita Said to Hire Advisers for $1.1 Billion Loan Repayment

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.