Drydocks World is seeking to complete its $2.2 billion restructuring deal with creditor banks by the end of next month, Bloomberg reports. The ship-repair unit of Dubai World signed a $2.2 billion loan, involving 15 lenders in October 2008.
Drydocks borrowed an additional $500 million the same month for five years to fund another acquisition. The company is also planning to repay $90 million to trade creditors by the end of April.
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