DP World Ltd., the world's third-biggest port operator, is raising about $1 billion (Dh3.67 billion) in a credit facility from a group of 10 to 12 banks, three people familiar with the matter said.
The five-year revolving credit offers a margin of 225 basis points above the London interbank offered rate (Libor), said two people, declining to be identified because the information is private.
Each bank may contribute about $75 million, and the Dubai company and the banks may sign an agreement in two weeks, one of them said.
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