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Maidadif extends $245M loans to 2030
Maridive announced its approval to restructure a portion of its debt amounting to $245 million. This includes a repayment schedule of $89.2 million until the end of 2025, with full settlement planned by the end of 2030. The company also proposed converting approximately $156 million of its debt from foreign banks into a related company, along with transferring the associated collateral tied to multiple offshore units. This move aims to reduce financial burdens and improve the debt structure to enhance its financial position.
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