Joseph Bonney, Senior Editor | Apr 16, 2012 2:16PM EDT
United Arab Shipping Co. has concluded a $150 million financing deal that includes a seven-year senior term loan facility with Burgan Bank’s corporate finance group.
The financing will be used to bolster long-term working capital requirements, including the addition of nine ships with capacities of 13,500 20-foot equivalent units. Seven of the ships have already been delivered.
Contact Joseph Bonney at jbonney@joc.com. Follow him on Twitter at @JosephBonney.
