USD 395 million syndicated loan facility successfully refinanced in Dec. 2021


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