The proceeds from the refinancing will be used to partly repay the outstanding balance of the original syndicated loan of US$30.4mil (RM133.3mil), which will benefit OCK Group through the optimisation of the financing structure.
PETALING JAYA: Telecommunication network solutions provider, OCK Group Bhd
has secured US$48.4mil (RM212.2mil) syndicated loan from OCBC Bank (M) Bhd (OCBC Malaysia).
OCBC Malaysia is the sole bookrunner and joint mandated lead arranger together with United Overseas Bank (M) Bhd (UOB Malaysia).
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