THORESEN THAI AGENCIES PLC

Press Release

TTA CORPORATE| Shipping |Offshore Service| Agrochemical | Food & Beverage | Investment

Press Release

TTA's Debentures Was Fully Subscribed for Targeted Size and the Additional Greenshoe

Bangkok, Thailand - 26 March 2021: TTA would like to thank investors for their confidence after TTA debentures of THB 1,500 million were fully subscribed! The Company is moving forward to utilize the funds for the redemption of the debentures coming due, and/or for acquisition of additional vessels to expand fleet, and/or for working capital as planned.

Thoresen Thai Agencies Public Company Limited or TTA has successfully completed the offering and issuance of TTA Debentures No. 1/2564 under the MTN program, which are name-registered, unsubordinated and unsecured debentures with a debenture holder's representative, offered to institutional investors and/or high net worth investors. The issue size is up to THB 1,200 million with an additional greenshoe up to THB 300 million, totaling THB 1,500 million. The tenor is 2 years and 6 months with 5.00% fixed interest rates per annum and payable quarterly. During 23-25 March 2021, the offering of TTA's debentures has received warm response from investors.

Mr. Chalermchai Mahagitsiri, TTA President and CEO, revealed that "TTA would like to express our sincere appreciation to all investors for the overwhelming interests in our debentures. The success of the debenture issuance reflects investors' confidence in TTA's expansion plans, strong foundations, solid capital structure and high liquidity. Moreover, TTA has neither record of default in payment of principal and/or interest of debentures nor failure to comply with any terms and conditions of debentures."

TTA's debentures were rated "BBB" by Tris Rating, which is considered investment-grade. While in terms of good governance, TTA is a listed company with "Excellent" CG Scoring or "5 Stars" rating for its Corporate Governance.

###

About TTA:

Thoresen Thai Agencies Public Company Limited, or TTA, is a strategic investment holding company that is listed on the Stock Exchange of Thailand, with an investment policy to achieve growth through a balanced portfolio that is diversified both locally and internationally. Included in its current business portfolio are shipping, offshore service, agrochemical, food & beverage, and investment.

*********************************

For more information, please contact: Thoresen Thai Agencies Plc.

Natasa Urcharoenngan

E-mail:natasa_u@thoresen.com

Tel: +662 254 8437 Ext.332

Mobile: +668 3492 2442

Thanit Tirapanith

E-mail:thanit.t @thoresen.com

Tel: +66 2254 8437 Ext. 393

Mobile: +669-3-559-6169

1

Attachments

  • Original document
  • Permalink

Disclaimer

Thoresen Thai Agencies pcl published this content on 26 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2021 08:10:01 UTC.