Derrimon Trading Company Limited (DTL) Signs Syndicated Facility
Derrimon Trading Company Limited (DTL) has advised that the Company has signed a J$625,000,000 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 ten (10) years.
DTL advise also that the Facility will be utilized to fully liquidate current short-term debts of the Company and immediately lower their net interest expense
Source: Jamaica Stock Exchange