Abu Dhabi fund Mubadala said to be in talks with banks to refinance loan

Photographer: Jonathan Drake/Bloomberg News

Abu Dhabi’s Mubadala is in talks with banks to refinance an existing $1.75 billion revolving loan due in May next year, three sources familiar with the matter said.

The state investment fund signed the original loan in 2016 with a group of 21 international banks. A revolving loan is one that can be drawn, repaid and drawn again during the agreed lending period.

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