SUBSCRIBERS
Dubai theme park operator seeks to restructure loan
Published Mon, Feb 5, 2018 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Possible class action lawsuit against Cordlife by customers could take at least 2 years
Chinese tariffs could leave cognac makers with too much brandy
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share