MTC Advises Financiers On PKR 4 Billion Financing Being Availed By Pak Elektron Limited

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to the syndicated term finance facility in the aggregate amount of up to PKR 4,000,000,000/- (Pak Rupees Four Billion) being availed by  Pak Elektron Limited (PEL) from Bank Alfalah Limited and MCB Bank Limited, for which purpose Bank Alfalah Limited has been appointed as the facility agent and as the security agent.

The facility is intended to be utilized for the purpose of financing the permanent working capital requirements of PEL.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Senior Associate), Ariba Fatima (Associate) and Maham Majeed (Associate).