DXB Entertainments Is Seeking to Restructure $1.15 Billion
- Loan used to build Legoland, Bollywood theme parks in Dubai
- Qatar Investment Authority is its second-biggest shareholder
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DXB Entertainments PJSC is talking to banks to restructure $1.15 billion in loans used to build a theme park in Dubai after visitor numbers missed expectations, according to people familiar with the matter.
The park operator is seeking to reschedule the loan it signed in 2014 and is asking lenders to freeze payments for three years, the people said, asking not to be identified because the talks are private. The facility matures in 2026, according to data compiled by Bloomberg. Shares in the company rose 1.8 percent at 10.21 a.m. in Dubai.