NagaCorp (HK:3918) has released an update.
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NagaCorp Ltd. has informed shareholders and potential investors that it has drawn down $70 million from a loan agreement with its controlling shareholder. This financial move is aimed at refinancing and fully discharging the outstanding 2024 Notes at maturity. The company’s confidence in its ability to meet its financial obligations is reiterated, signaling positive news for stakeholders.
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