JOHN KEELLS HOLDINGS PLC John Keells Holdings PLC
117 Sir Chittampalam A. Gardiner Mawatha, Colombo 2, Sri Lanka
Tel +94 (11) 230 6000
jkh@keells.com www.keells.com
24 January 2022
Renuke Wijayawardhena
Chief Regulatory Officer
Colombo Stock Exchange
World Trade Centre
Echelon Square
Colombo 1
Dear Sir,
John Keells Holdings PLC ("JKH; The Company")
Announcement
We wish to inform you that the USD 395 million syndicated loan facility at 'Cinnamon Life', which was due for repayment in July 2022, was successfully refinanced in December 2021 through a USD 225 million long-term loan facility and a six-month bridging facility of USD 100 million.
The USD 225 million facility was concluded at a rate similar to the previous facility taking into account step-down pricing mechanisms based on pre-agreed triggers. The facility is a 5-year loan with a 2-year grace period and back-ended capital payments.
The USD 100 million bridging facility was structured in order to align with the maturity date of July 2022 of the original facility.
Yours faithfully,
John Keells Holdings PLC
Gihan Cooray
Deputy Chairman/Group Finance Director
Company No. PQ 14
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John Keells Holdings plc published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 10:43:04 UTC.
