Advertisement

Derrimon gets loan to liquidate short-term debts

Derrimon Trading Company Limited (DTL) has signed a J$625 million syndicated facility, arranged and structured by Sagicor Bank Jamaica Limited and First Global Bank Limited at an attractive interest rate. 
 
DTL states that the facility will be amortized over a period of 10 years.
 
The facility will be utilized to fully liquidate current short-term debts of the company and immediately lower net interest expense.


comments powered by Disqus
More Stories
Most Popular
Beckford and Lewis secure historic Pan Am...
JC win first game of new Manning Cup season
Walker and DaCosta combine to win Overnight...