KUALA LUMPUR: Malaysian Bulk Carriers Bhd
(Maybulk) has accepted a five-year term loan facility of RM320mil to refinance a bridging loan maturing in early 2015 as well as for capital expenditure and working capital requirements.
In a filing with Bursa Malaysia, the company said the facility, offered by RHB Bank Bhd, would increase its gearing to 0.21 times from 0.04 times currently. — Bernama
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
