Dubai Parks and Resorts (DPR) has announced that it has secured AED993 million in debt financing from three local banks to fund part of the proposed Six Flags branded theme park. DPR had announced that the company is seeking to raise AED2.67 billion primarily to finance the development of Six Flags Dubai, through a combination of debt and equity funding. The debt portion accounts for c37% of the total financing being raised. Shareholders are set to vote on a special resolution to approve an increase in the Company's capital through a proposed rights issue to raise the remaining AED1.68 billion at the AGM to be held on 18 April. (Company disclosure)