{"id":567025,"date":"2020-01-09T04:05:55","date_gmt":"2020-01-09T04:05:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/"},"modified":"2020-01-09T04:05:55","modified_gmt":"2020-01-09T04:05:55","slug":"palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/","title":{"rendered":"Palm Hills negotiates EGP 500 mn loan to refinance debts"},"content":{"rendered":"

Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order to refinance existing debts from other local banks, a source familiar with the matter told Al Mal<\/a>. PHD had also signed a EGP 1.1 bn medium-term loan agreement with CIB last month<\/a> to restructure its debts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order to refinance existing debts from other local banks, a source familiar with the matter told Al Mal. PHD had also signed a EGP 1.1 bn medium-term loan agreement with CIB last month to restructure its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[1628,2372,240,7106,72,354],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567025","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-ahli-united-bank","tag-banking-finance","tag-cib","tag-debt","tag-enterpriseam","tag-palm-hills-developments","wpautop","entry"],"acf":{"mongo_id":"61ef8954-a115-4713-8f82-dfe08329cf54","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566988],"teaser":"","voice_url":""},"yoast_head":"\nPalm Hills negotiates EGP 500 mn loan to refinance debts - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palm Hills negotiates EGP 500 mn loan to refinance debts\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order to refinance existing debts from other local banks, a source familiar with the matter told Al Mal. PHD had also signed a EGP 1.1 bn medium-term loan agreement with CIB last month to restructure its […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-09T04:05:55+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Palm Hills negotiates EGP 500 mn loan to refinance debts\",\"datePublished\":\"2020-01-09T04:05:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Ahli United Bank\",\"BANKING + FINANCE\",\"CIB\",\"debt\",\"EnterpriseAM\",\"Palm Hills Developments\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/palm-hills-negotiates-egp-500-mn-loan-to-refinance-debts\/\",\"name\":\"Palm Hills negotiates EGP 500 mn loan to refinance debts - 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The credit facility will replace a medium-term loan\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591885,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/palm-hills-signs-egp-1-1-bn-medium-term-loan-agreement-with-cib-to-refinance-debt\/","url_meta":{"origin":567025,"position":1},"title":"Palm Hills signs EGP 1.1 bn medium-term loan agreement with CIB to refinance debt","author":"enterpriseam admin","date":"19 December 2019","format":false,"excerpt":"DEBT WATCH- Palm Hills Developments (PHD) has signed a EGP 1.1 bn medium-term loan agreement with CIB to refinance some of its existing debt, according to a statement. The facility will replace an existing EGP 2.4 bn syndicated medium-term loan previously granted by the Arab African International Bank along with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594199,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/","url_meta":{"origin":567025,"position":2},"title":"Sarwa Capital concludes EGP 776 mn Palm Hills securitized bond","author":"enterpriseam admin","date":"22 October 2019","format":false,"excerpt":"Palm Hills and Sarwa Capital have closed a EGP 776 mn securitized bond backed by a portfolio of 582 delivered units at 11 of the real estate company\u2019s developments, Sarwa said in a statement (pdf). This brings Palm Hills\u2019 total issuances to EGP 2.4 bn. 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Banque Misr and the Arab African International Bank will manage the issuance.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646922,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/palm-hills-to-snap-up-mansours-29-6-stake-in-taaleem\/","url_meta":{"origin":567025,"position":5},"title":"Palm Hills to snap up Mansour\u2019s 29.6% stake in Taaleem","author":"enterpriseam admin","date":"3 October 2024","format":false,"excerpt":"PHD will buy Mansour\u2019s 216.1 mn shares at EGP 8.65 a share in an EGP 1.9 bn transaction","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/265.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=567025"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567025\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/566988"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567025"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567025"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}