Sunday, 12 July 2015

Emicool gets $245 million refinancing facility with DIB

Emicool gets $245 million refinancing facility with DIB

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Emicool gets $245 million refinancing facility with DIB

Emirates District Cooling LLC (Emicool) has inked a $245 million facility for 12-year with Dubai Islamic Bank (DIB)
The company’s current debt and also fund expansion plans will be largely refinanced by the recent deal.

Emicool is a joint venture of Dubai Investments PJSC and Union Properties PJSC.

The refinancing facility was signed in the presence of Abdulaziz Bin Yagub Al Serkal, .tender chairman of Emicool, Dr. Adnan Chilwan, CEO of Dubai Islamic Bank and Adib Moubadder, CEO of Emicool, and DIB executives.Read complete story at http://www.tendersontime.com/blog-detail/emicool-gets-245-million-refinancing-facility-dib-261.php
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