Asian Pay Television Trust (SGX:S7OU) completed the refinancing of its offshore and onshore loan facilities, according to a filing with the Singapore Exchange on Wednesday.
The refinancing was completed after the trust received lenders' commitment.
According to an earlier filing, the facilities comprise a term loan facility and a revolving loan facility, fully underwritten by Taipei Fubon Commercial Bank, Cathay United Bank, and Entie Commercial Bank, who are the exclusive mandated lead arrangers.
Around SG$40 million of offshore loan will be moved back to onshore to save interest costs.
Through debt management, the trustee-manager will be able to trim both facilities by about SG$152.6 million.
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