Atlantis seeking $850m loan
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Atlantis seeking $850m loan

Atlantis seeking $850m loan

Dubai's Atlantis the Palm is seeking an $850m loan to refinance debt due in 2017, Bloomberg has reported, citing two people with knowledge of the matter. The new facility would replace a $700m 12-year term loan raised in 2005 to fund construction of Atlantis, said the people. The resort, owned by Istithmar World, a unit of Dubai World, has hired Abu Dhabi Commercial Bank, Barclays, Commercial Bank of Dubai, HSBC Holdings, National Bank of Abu Dhabi, and Union National Bank to arrange the facility, they said.

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