Abu Dhabi – Mubasher: Tristar, a subsidiary of Agility Global, has penned a new credit facility with several regional and international banks for an amount of $255 million.

The facility deal holds a maturity period of 18 months with an extension option, according to a bourse disclosure.

Meanwhile, it is expected that Tristar will upsize the financing’s value up to an additional $60 million within three months. This amount will be required for refinancing and general corporate purposes.

Earlier this month, Agility Global inked a $500 million credit facility deal with a regional bank to fund ongoing operations and future growth.