Pursuant to the Companyís announcement dated 30 March 2021 in relation to the MCF 2021 (all defined terms therein are applicable to this announcement), the Board of Directors of SEB wishes to announce that the MCF 2021 has been completed today following the fulfilment of all conditions precedent required for completion.
With the completion of the MCF 2021, the relevant participating banks have made available and Sapura TMC has drawn down the USD term loan facility of approximately USD 602 million and the MYR term loan facility of MYR 906 million under the Conventional Facilities Agreement 2021. In addition, Sapura TMC has also made further issuance of Sukuk Murabahah amounting to MYR 6,380 million and USD 125 million nominal value under the Multi-Currency Sukuk Programme.
The proceeds from the MCF 2021 have been utilised towards full settlement of all amounts payable and outstanding by Sapura TMC under a 2014 conventional facility, a 2015 Islamic facility, a 2017 conventional facility and the existing outstanding Sukuk Murabahah under the Multi-Currency Sukuk Programme.
This announcement is dated 31 March 2021.