APTT Secures Refinancing Commitments, Enhances Debt Management

An announcement from Asian Pay Television ( (SG:S7OU) ) is now available.

Asian Pay Television Trust (APTT) has secured commitments for refinancing its onshore and offshore facilities, with the agreements expected to be finalized in early 2025. This refinancing, fully underwritten by major banks, will reduce overall debt and move a portion of the offshore loan onshore to save interest costs. The exercise reflects confidence in APTT’s cash flows and management, aiming to enhance debt management without impacting distribution guidance. The refinancing will provide stability in debt servicing commitments for at least the next three years.

More about Asian Pay Television

Asian Pay Television Trust is a company involved in the telecommunications industry, primarily providing subscription-based television and broadband services.

YTD Price Performance: -26.83%

Average Trading Volume: 200

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $104.5M

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