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OTHERS Bumi Armada Berhad - Syndicated Term Loan Facility of USD105.5 Million

BUMI ARMADA BERHAD

Type Announcement
Subject OTHERS
Description
Bumi Armada Berhad
 - Syndicated Term Loan Facility  of USD105.5 Million

Bumi Armada Berhad ("BAB") refers to its announcement on 24 April 2019 and 23 February 2021 with respect to its existing USD660 million term loan facility ("Existing Facility"), and wishes to announce that Bumi Armada Holdings Labuan Limited ("BAHLL"), its wholly-owned subsidiary, has successfully secured a  Syndicated Term Loan Facility (“Term Loan Facility”) for an aggregate principal amount of USD105.5 million with a final maturity of 25 September 2028, to refinance the remaining balance of the Existing Facility maturing in May 2024.  

 

BAB’S Chief Executive Officer, Gary Christenson said:

 

“We are pleased that we repaid a significant amount of the Existing Facility over recent years. We are equally delighted to have secured the new Term Loan Facility which demonstrates continuing strong support from our financiers.”

 

The announcement is dated 11 October 2023.






Announcement Info

Company Name BUMI ARMADA BERHAD
Stock Name ARMADA
Date Announced 11 Oct 2023
Category General Announcement for PLC
Reference Number GA1-03102023-00010



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