Part owner of the Jamaica Public Service Company, Marubeni Corporation has entered into a major financing deal. Bloomberg is reporting that the company has signed a 364-day revolving facility worth 515 million US dollars. The loan replaces an earlier facility of the same amount due this year.
The funds will be used to refinance some of Marubeni's debt. Citigroup Incorporated and Credit Agricole SA helped to arrange the deal.
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