Sunday 28 March 2010
Limitless seeks extension on $1.2 bln loan
Dubai World property unit, Limitless, wants creditors to agree to a 90-day extension on a $1.2 billion loan due March 30, two bankers familiar with the matter said Sunday.
"During this time, a comprehensive proposal to restructure Limitless' debt will be decided," one of the bankers told Zawya Dow Jones.
A spokesperson for Dubai World declined to comment on the details of the Limitless debt negotiations.
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