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Dubai Holding Unit Gets One Month Extension on $555 Million Loan

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Dec. 1 (Bloomberg) -- Dubai Holding Commercial Operations Group LLC, a real estate and hospitality group owned by Dubai Holding, received a one-month extension on a $555 million revolving credit line until Dec. 30.

“The extension is required to finalize a new long-term facility,” the company said in a statement to Nasdaq Dubai today.

Dubai Holding Commercial in September received a two-month extension on the loan at “commercical terms,” the second such extension after getting one in July.

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To contact the reporter on this story: Stefania Bianchi in Dubai at sbianchi10@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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