Capital A Berhad Acceptance Of Five (5) Year Term Loan Facility By Airasia Berhad, A Wholly-Owned Subsidiary Of Capital A Berhad
|Description||CAPITAL A BERHAD
ACCEPTANCE OF FIVE (5) YEAR TERM LOAN FACILITY BY AIRASIA BERHAD, A WHOLLY-OWNED SUBSIDIARY OF CAPITAL A BERHAD
The Board of Directors of Capital A Berhad (“Capital A” or “Company”) wishes to announce that AirAsia Berhad [Company Registration Number 199301029930 (284669-W)] (“AAB”), a wholly-owned subsidiary of Capital A had on 3 October 2023 accepted a five (5) year term loan facility of up to USD150.0 million offered by a financial institution. (“Term Loan”)
2.INFORMATION AND PURPOSE OF THE TERM LOAN
The details of the Term Loan are as follows:
The Term Loan is secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the Term Loan.
3.DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the Directors and/or major shareholders of the Company and/or person connected with them have any interest, direct and/or indirect, in the Term Loan.
4.STATEMENT BY DIRECTORS
The Board of Directors of the Company having considered all aspects of the Term Loan, is in the opinion that the Term Loan is in the ordinary course of business and is in the best interest of the Group.
The Term Loan is not subject to the approval of the shareholders. Bank Negara Malaysia has on 19 September 2023 approved AAB’s application for the Term Loan under its Foreign Exchange Policy.
This announcement is dated 3 October 2023.
|Company Name||CAPITAL A BERHAD|
|Date Announced||03 Oct 2023|
|Category||General Announcement for PLC|