Tuesday, November 11, 2008

Camper & Nicholsons gets $25 mln loan facility

Nov 11 (Reuters) - Camper & Nicholsons Marina Investments Ltd (CNMI.L) said on Tuesday it entered into a $25 million loan facility with the Bank of Nova Scotia to complete the development of its Port Louis marina in Grenada, West Indies.

The investment company said it expected to make the first drawdown of about $11.7 million under the facility this week.

Port Louis marina will offer a total of 390 berths, of which 73 are for superyachts, the company said in a statement.

(Reporting by Tresa Sherin Morera in Bangalore; Editing by Vinu Pilakkott)

No comments: