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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.