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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Dubai gets JPMorgan, BofA loan refinancing to keep Almatis unit

Posted on 29 April 2010

From Arabianbusiness.com: Dubai International Capital got a boost in its efforts to keep its Almatis alumina making unit, with backing for a $685 million debt refinancing that would repay senior lenders including Oaktree Capital Management.

Dubai International is challenging a plan by Oaktree, the biggest of Almatis’s senior lenders, to seize control of Almatis after the German unit violated loan terms last year………………………………….Full Article: Source

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