Drydocks World secures $200m in loans for operations

Drydocks World, the ship repair business owned by Dubai World, has secured US$200 million (Dh734.5m) in loans to cover working capital over the next three months.
The agreement, announced by WAM, the state news agency, has been signed with seven of Drydocks World's existing creditors and is on a secured basis.
The announcement also confirmed the company was in talks with creditors to restructure the rest of its liabilities.
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Source: The National