UASC in $150 million financing deal
Monday, April 16, 2012
   United Arab Shipping Co. (UASC) said it has concluded a financing agreement worth $150 million that includes a seven-year senior term loan facility with Kuwait's Burgan Bank.    UASC said the funds "will contribute to the company’s long-term working capital facilities associated with growing the company’s fleet capacity."     The carrier is in the process of completing the introduction of nine 13,500-TEU vessels of which seven are now service....
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