DP World owner confirms $850m loan refinancing
"DP World Limited has been advised that Port & Free Zone World FZE has refinanced its outstanding $850 million debt facility secured in part against certain of its shares in DP World," the statement said.
September 22, 2011 3:46 by Reuters
Dubai’s Port and Free Zone World (PFZW), the direct owner of global ports operator DP World , has signed an $850 million loan refinancing, the latter said in a bourse statement on Wednesday.
DP World Limited has been advised that Port & Free Zone World FZE has refinanced its outstanding $850 million debt facility secured in part against certain of its shares in DP World,” the statement said.
Sources told Reuters on Tuesday that the five-year loan had been signed by 15 banks and was almost evenly split between conventional and sharia-compliant tranches. (Reporting By David French)
More on GCC
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
