Dec 23 2011 |
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DIFCI repays USD 200 million loan facility
DIFC Investments announced that it has repaid in full the sum of USD 200 million to Deutsche Bank under the terms of a loan facility.23 December 2011 - Dubai: DIFC Investments LLC ("DIFCI") announced today that it has repaid in full the sum of US$200 million to Deutsche Bank under the terms of a loan facility.
In announcing the repayment, Shahli Akram Juma, Managing Director of DIFCI, said "The repayment is positive news, and is evidence of our commitment to meet our debt obligations as and when they fall due. We remain focused on progressing our plans regarding the Sukuk commitment and we are confident of achieving a successful conclusion.'
The loan facility is a Multicurrency Term and Revolving Facility Agreement between DIFC Investment LLC and Deutsche Bank Luxemburg S.A. being the Agent.
- Ends -
For further information, please contact:
Brunswick for DIFC Investments
Alex Blake-Milton: +971506947589
Azadeh Varzi: +442074045959
© Press Release 2011
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