Digi Telecommunications Sdn Bhd ("Digi") Signs RM1.0 Billion New Term Loan Facilities

Back Jul 25, 2002

Type

Announcement

Subject

DiGi TELECOMMUNICATIONS SDN BHD ("DiGi") SIGNS RM1.0 BILLION NEW TERM LOAN FACILITIES

Contents :

The Board of Directors of DiGi.Com Berhad (or "the Company") is pleased to inform that DiGi, a wholly-owned subsidiary of DiGi.Com Berhad, signed an agreement on 23 July 2002 with a consortium of domestic and international banks for a RM1.0 billion New Term Loan Facilities. The purpose of this transaction is to part finance the capital expenditure program over the next 2 ½ years for its ongoing capacity and coverage expansion of its high quality network to further realise the growth potential of DiGi. The full transaction involves a total of RM1.75 billion which includes amendments to DiGi’s existing RM546 million domestic term loan facility and USD52 million international term loan facility backed by The Swedish Export Credits Guarantee Board (“EKN”).

The RM1.0 billion New Term Loan Facilities comprises three tranches as follows:

(i) Tranche A

RM400 million 7 years International Facility supported by EKN which is divided into:-

(a) Tranche A1 – RM200 million Standby Letters of Credit (“SBLC”) Facility
(b) Tranche A2 – RM200 million equivalent drawn in USD

(ii) Tranche B

RM300 million 7 years International Bank Guarantee Facility

(iii) Tranche C

RM300 million 7 years Domestic Term Loan Facility (floating rates)

The consortium of domestic and international banks comprises the following:

Domestic Banks (For Tranche C)

a) AmMerchant Bank Berhad (formerly known as Arab-Malaysian Merchant Bank Berhad)
b) Bumiputra-Commerce Bank Berhad
c) RHB Bank Berhad


International Banks (For Tranches A and B)

a) Crédit Agricole Indosuez, Labuan Branch
b) IntesaBci S.p.A., Hong Kong Branch
c) JP Morgan Chase Bank, Labuan Branch
d) Société Générale, Labuan Branch
e) The Bank of Nova Scotia, Labuan Branch
f) Fortis Bank S.A./N.V., Singapore
g) Natexis Banques Populaires, Labuan Branch
h) Svenska Handelsbanken AB (publ), Sweden
i) The Bank of East Asia, Limited Labuan Branch
j) Nordea Bank Sweden AB


Funders for the respective tranches of the international facilities are as follows:-

i) Tranche A

Tranche A1 - RM200 million SBLC Facility (floating rates)

(a) The Bank of Nova Scotia Berhad
(b) Eon Bank Berhad

Tranche A2 – RM200 million equivalent drawn in USD (floating rates)

Funding provided by the syndicate of international banks


ii) Tranche B

RM300 million 7 years International Bank Guarantee Facility – The Employees Provident Fund (fixed rate)

None of the Directors or substantial shareholders of the Company or persons connected to them have any interest, direct or indirect, in these facilities.


Announcement Info

Company Name

DIGI.COM BERHAD  

Stock Name

DIGI    

Date Announced

25 Jul 2002  

Category

General Announcement

Reference No

DS-020718-39963