Asian Pay Television (SGX:S7OU) completed the refinancing of its offshore and onshore facilities, according to a filing with the Singapore Exchange on Wednesday.

The onshore facilities have been refinanced for seven years while the offshore facilities have been refinanced for three years, extendable by another two years.

Under the agreement, around S$40 million of offshore loan will be moved back onshore to save on interest costs.

The size of the refinanced onshore facilities will be reduced by NT$2.0 billion to NT$27.5 billion, according to a previous filing.

Meanwhile, the size of refinanced offshore facilities will be reduced to S$50 million.