DIFCI Repays US$200 Million Loan Facility
Press Release 23 Dec 2011 01:24 pm23 December 2011 - Dubai: DIFC Investments LLC (“DIFCI”) announced today that it has repaid in full the sum of US$200 million to Deutsche Bank under the terms of a loan facility.
In announcing the repayment, Shahli Akram Juma, Managing Director of DIFCI, said “The repayment is positive news, and is evidence of our commitment to meet our debt obligations as and when they fall due. We remain focused on progressing our plans regarding the Sukuk commitment and we are confident of achieving a successful conclusion.’
The loan facility is a Multicurrency Term and Revolving Facility Agreement between DIFC Investment LLC and Deutsche Bank Luxemburg S.A. being the Agent.
