Bumi Armada Berhad through its Labuan holdings has successfully secured a Syndicated Term Loan Facility for an aggregate principal amount of USD105.5 million (RM495 million) with a final maturity of 25 September 2028, to refinance the remaining balance of the Existing Facility (US$660 million) maturing on May 2024.
Chief Executive Officer, Gary Christenson said “We are pleased that we repaid a significant amount of the Existing Facility over recent years. We are equally delighted to have secured the new Term Loan Facility which demonstrates continuing strong support from our financiers.
