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Food & Beverage

, Singapore

Published:

1 year ago

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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.

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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