UAE marine geophysical company, Polarcus, has raised $200 million in new financing, Zawya reports. The new financing consists of a $65 million equity issue and an $80 million five-year bond issue. The Dubai-based company, which has also secured a new $55 million loan facility, seeks to use the proceeds to fund its newbuild orders and for reacquisition. Drydocks World Dubai has a 9.4% stake in Polarcus.

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