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ThaiBev signs five-year term loan agreement worth ¥66b

The drawdown period is five years.

Thai Beverage Public Company Limited (ThaiBev), entered into a five-year term loan deal with Mizuho Bank, Limited, Singapore Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch for an amount of ¥66b ($608m).

In a bourse filing, the company said it is expected to repay the existing debt due in February 2024.

The five-year drawdown period is from 27 February 2024 to 5 March 2024. Payment instalments are scheduled on the 36th month, 48th month, and 60th month, respectively, after the drawdown date with a floating interest rate.

The interest-bearing debt-to-equity ratio is less than or equal to 3:1, based on the audited consolidated financial statement.

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The Bank Loan Facility is not expected to have any material impact on the company’s earnings per share and net tangible assets for this financial year.

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