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Kuwait-listed Agility Public Warehousing Company has refinanced a portion of its existing credit facilities and updated its tenure.
The supply chain services provider confirmed on Monday that the new refinanced amount has been increased from $233 million to $280 million, with a refreshed tenure of five years.
The company has been engaged in refinancing to support growth and manage debt.
In January 2023, the company secured a KD 50 million credit facility from a local bank as part of refinancing efforts.
(Writing by Cleofe Maceda; editing by Seban Scaria)
