Register | Forgot password?
Switch to Arabic
Monday, November 30 - 2009

Dubai repays $1.2bn MGM loan

  • United Arab Emirates: Tuesday, December 16 - 2008 at 07:54

Dubai World has announced that it has recently repaid the outstanding balance on a $1.2bn loan facility arranged and underwritten jointly by Royal Bank of Scotland, Credit Suisse and Deutsche Bank. While refinancing had been offered, Dubai World determined the cost of capital was not competitive and instead elected to repay the outstanding amount under the loan of $890m from its operating reserves on December 11, 2008, according to a statement. The loan facility was established one year earlier to help finance the purchase of a 9.4% stake in MGM Mirage by Infinity World, a subsidiary of Dubai World.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.