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DXB Entertainments delays significant proportion of interest payments on $1.1bn loan

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Christian Fernsby ▼ | April 2, 2020
Dubai theme park operator DXB Entertainments has reached a deal with banks to defer a “significant proportion” of the interest on a 4.2 billion dirham ($1.14 billion) syndicated loan over the next 15 months, it said on Thursday.
DXB Entertainments
Pause   DXB Entertainments
The agreement will significantly improve the company’s near-term liquidity, Managing Director Mohamed Almulla said in a bourse statement.

Topics: DXB Entertainments

DXB Entertainments said it was extending the closure of its four theme parks until further notice.


 

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