The existing offshore facilities comprise a $125 million term loan facility and a $80 million revolving loan facility. Of the $125 million term loan facility, $78.4 million is currently outstanding, while $58.5 million from the $80 million revolving loan facility is currently outstanding.
The trustee-manager of Asian Pay Television Trust (APTT) says its lead arranger has received commitment letters from sufficient lenders for the refinancing of APTT’s offshore facilities.
The facility agreement is expected to be signed in January 2023 with the financial close expected to be in July 2023, upon the maturity of the existing offshore facilities.
