Bumi Armada secures debt extension


The offshore energy facilities and services provider said the facility agreement signed on April 24,2019, had been amended to extend the final maturity date for the tranche to Nov 23,2022.

KUALA LUMPUR: Bumi Armada Bhd has secured an extension of the final maturity date for tranche one, consisting of US$260mil (RM1.05bil), which is under the term loan facilities worth US$660mil (RM2.67bil).

The offshore energy facilities and services provider said the facility agreement signed on April 24,2019, had been amended to extend the final maturity date for the tranche to Nov 23,2022.

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Bumi Armada , monetisation , loan

   

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