(MENAFN) United Arab Shipping Company (UASC) has closed a USD1,251 million multi-tranche syndicated loan facility to finance a twenty-foot equivalent unit container ships and 5 x 18,000 TEU container ships, according to Gulf News.
The new facility is part of a bigger debt-financing plan worth USD1,744 million.
The USD1,744 million plan will be financed by Deutsche Bank AG, London Branch.
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