Bumi Armada unit secures US$400mil syndicated facilities to refinance RM1.5bil sukuk

KUALA LUMPUR: Bumi Armada Bhd announced that its wholly owned subsidiary, Bumi Armada Holdings Labuan Ltd (BAHLL), has secured syndicated facilities with a six-year tenor at an aggregate principal amount of up to US$400 million to refinance a RM1.5 billion sukuk.

The company said the facilities comprised a US$135 million conventional syndicated term loan and a US$265 million Islamic syndicated commodity Murabahah facility.