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Dubai theme park operator seeks to restructure loan

Published Mon, Feb 5, 2018 · 09:50 PM
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Dubai

ILYAS & Mustafa Galadari Group (IMG), the Dubai-based operator of the world's largest indoor theme park, is in talks with banks to restructure a 1.2 billion dirham (S$430.5 million) syndicated loan and is seeking to extend its maturity, the company and financial sources told Reuters.

The company is also looking to upsize its existing loan facility due to cost overruns, IMG said.

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