UAE-based shipping company planning to raise USD150mn loan
Akron Trade and Transport, a UAE-based shipping company, is in the market to raise USD150mn through syndicated loans. ADIB is the sole lead bank on the transaction. Akron has previously raised debt financing with ADIB, according to a statement issued by the bank in 2014, in relation to a USD420mn financing arranged for another UAE-based shipping company, Zakher Marine International. Headquartered in the emirate of Fujairah, Akron specialises in shipping services for the oil sector. (Reuters)
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