Middle East

DP World seeks to extend loan

Dubai: Terminal operator DP World is in negotiations with banks to triple the size of an existing $1bn loan, according to Reuters.

The original five-year revolving credit facility was signed in April 2012 and has already been renegotiated once, adding a year to the lifespan in June 2013.
Discussions on the length of the new loan as well as a revised interest rate were ongoing, the newswire said.  [27/04/14]

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