ASL Marine Holdings to Pay Extra Interest on Notes

ASL Marine Holdings Ltd. (SG:A04) has released an update.

ASL Marine Holdings Ltd. has announced it will pay additional interest on its Series 007 notes if the company’s FY2024 adjusted core EBITDA surpasses S$65 million. This interest will be capped at 2% per annum, calculated at 0.15% for every S$1 million over the threshold. The company’s financial performance and its ability to meet these targets could impact investor returns significantly.

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