06.07.2010 - GFH sees accord to extend $100 mln loan in July
From Bloomberg: Gulf Finance House EC, the Bahrain- based investment bank, aims to reach an accord with its creditors this month to extend the maturity of a $100 million Islamic loan by three years as it seeks to defer asset sales. “We’re in the documentation stage to extend the facility for up to three years and we expect the deal to be completed sometime this month,” Group Chief Executive Officer Ted Pretty said in a phone interview today. “We felt that 2010 is not going to be a good enough market to sell valuable assets.”.............................................Full Article: Source
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