Mencast Holdings Ltd. announced that the Group has, on 26 August 2020, entered into an Amendment and Restatement Agreement with the Lenders amending and restating the Debt Restructuring Agreement for the restructuring of the Group's existing debts owed to the Lenders ("Amended DRA"). The terms of the Amended DRA remain largely as per the DRA, with the following material amendments: the restructuring period and the general and principal moratoria have been extended to 28 February 2021; the property backed restructured term loans have been reprofiled and will be repayable in equal monthly instalments over a 119-month period (but calculated on the basis of a 240-month period) with a final bullet repayment of the balance due after taking into account certain divestments in the 120th month; the other restructured term loans have been reprofiled and will be repayable in equal monthly instalments over the first 48 months of the repayment period; all financial covenants under the relevant facility agreements (i.e. clauses pertaining to financial conditions, the breach of which would result in an event of default under such facility agreements) will be waived until 31 March 2022; interest on the outstanding debt due and payable to UOB shall accrue at a lower agreed interest rate for the period from 1 June 2020 to 31 May 2021; and the Group shall deleverage its debt by at least $55 mil ion on or before 31 March 2022 through the divestment of certain agreed non-core assets and certain identified non-core subsidiaries of the Group.