17
Dec
12:39
ESI secures loan to simplify debt, fund growth
Emirates Steel (ESI) has finalised a $400 million Murabaha loan facility that will allow it to accelerate deleveraging, increase financial flexibility, simplify its debt structure and fund growth plans, the firm says. The unsecured amortizing term four-year loan replaces ESI’s outstanding secured debt.
The successful issuing of $300m by ESI parent company Senaat has strengthened the ability of ESI to complete a loan refinance by obtaining preferential…
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Anonymous
Very good overview of the weekly steel market.
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