SDA speedcast international limited
Add to My Watchlist 4.01% ! $5.71

Speedcast International (ASX:SDA) set to refinance debt

  1. FNN News
    lightbulb Created with Sketch.  1
    clock Created with Sketch.
    19/04/18
    10:40
    Post #: 32552827
    .

    Speedcast International (ASX:SDA) today announced its intention to pursue the refinancing of its existing Bank Loans.

    The remote communication and IT services company will start a new 7-year US$425 million Senior Secured Credit Facility in the US institutional Term Loan B market.

    In addition, it intends to arrange a new 5-year US$100m Senior Secured Revolving Credit Facility.

    The existing Bank Loans include a 3-year US$425 million Senior Secured Bank Loan and a US$20 million Senior Secured Revolving Credit Facility.

    Speedcast International ( ASX:SDA) shares are up 1.7 per cent to $5.45.
     
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS View the latest ASX news here
right-arrow Created with Sketch.
NEWS Who are SK Hynix, and how did they end up part of Wall Street's AI party?
right-arrow Created with Sketch.
NEWS Expect market volatility as fast rising inflation fears take over
right-arrow Created with Sketch.
NEWS Money and Investing: The real reason behind ASX volatility nobody is talking about
right-arrow Created with Sketch.
NEWS Expert Exchange: Coal, copper, and rare earths remain critical to Australia's resources future
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.