Dubai Holding unit delays $555 mln loan repayment again

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Tue Sep 7, 2010 2:11am EDT

(Refiles to correct today's date to Sept 7 in first paragraph)

DUBAI, Sept 7 (Reuters) - Dubai Holding's [DUBAHC.UL] main unit will extend for the second time repayment on a $555 million loan until Nov. 30, the company said in a statement on the bourse website on Tuesday.

"Dubai Holding Commercial Operations Group LLC (DHCOG) confirms that all parties have agreed to further extend the existing Revolving Credit Facility (RCF) of $555 million under commercial terms until November 30th, 2010," it said.

The repayment was due on Tuesday.

The lossmaking firm had extended repayment for two months earlier in July.

(Reporting by Tamara Walid; Editing by Jason Benham)

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