The loan facility was fully subscribed to by banks spread across the Middle East region, the airline said in a release.
Mashreqbank was the sole initial mandated lead arranger and book runner for the transaction, it said, adding the lending banks include from Dubai, Abu Dhabi, Bahrain and Doha-based financial institutions.
This syndicated loan facility will be instrumental in underpinning the airline on its progressive path, Jet Airways chief executive Cramer Ball said, adding, "we will continue to build on the strong foundation as part of our three-year turnaround plan."
Ratings firm ICRA had recently upgraded rating of Rs 3,210-crore loan facility given to Jet Airways, in which gulf carrier Etihad holds 24 per cent stake, based on improvement in cash flows.
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Jet Airways had cut its consolidated loss by a whopping 95.7 per cent at Rs 43 crore in the three months to September against Rs 999 crore in the year-ago period, on the back of spurt in operational efficiency.
Alpen Capital acted as financial advisors to Jet Airways for the transaction, the release said.