Astro secures RM400 mil term loan facility from SMBC

Astro Malaysia Holdings Berhad’s wholly owned subsidiary, MEASAT Broadcast Network Systems Sdn Bhd, has today secured a term loan of RM400 million (“Facility”) from Sumitomo Mitsui Banking Corporation Malaysia Berhad (“SMBC”) on a clean basis.

The term loan is available for multiple drawdowns and the first drawdown shall be made within 3 months from the date of the Facility Agreement. The Facility shall be fully repaid in 4 years from the date of the first drawdown with a 1-year option to extend.

The purpose of the term loan is to finance the following:

• Costs relating to the production, purchase and licensing of content, programme or channels, and its purchase of set-top boxes, including the settlement of vendor financing

• Capital and operating expenditure

• Refinance the existing term loan facility of RM380 million obtained on 9 August 2018