Monday 26 March 2012

DP World to repay $3 bln October loan with cash - Yahoo! News UK

DP World, the world's third-largest port operator, will repay a $3 billion outstanding facility maturing in October with cash, the company said in a statement on Monday.
The repayments will take place between April 4 to 10, reducing the company's total debt to approximately $4.7 billion, it said in a regulatory filing on Nasdaq Dubai.
DP World had $4.2 billion of cash balances at the end of last year and after the loan repayment its cash balance will be $1.2 billion.

No comments:

Post a Comment