Dubai's Limitless Holds "Positive" Talks On Debt Restructuring - CEO - Gulf Business:
"Dubai government-owned property firm Limitless has held positive talks with creditors as it seeks to re-negotiate the terms of a $1.2 billion debt facility which has already been restructured once before, its chief executive told Reuters on Sunday.
“We have a revised business plan which we are discussing with creditors. The discussions have been positive and we hope we can announce the outcome of these talks soon,” Mohammed Rashed told Reuters on the sidelines of a real estate event.
The discussions were centred on re-negotiating the terms of the debt, he said without giving any further details."
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