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FINANCIAL NEWS
Dubai’s DP World gets USD3b loan
16 Jul 2014
(MENAFN) DP World, one of the world’s largest port operators, has signed a USD3 billion-worth loan deal to improve terms on its debt, according to Arab News.
Two sources aware of the matter said that the new facility will be divided into two loans; a USD2.39 billion conventional loan, and a USD610 million Shariah-compliant tranche.
The new deal, which was signed on June 30 according to the sources, replaces an existing USD1 billion deal that was due to mature in 2018 and had already been renegotiated once to add a year to the lifespan.
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