Further to Second Restatement to Loan Agreement

RNS Number : 3736R

DP Aircraft I Limited

28 February 2023

 

DP Aircraft I Limited ("the Company")

Company Update: Further Details on the Second Restatement to the Loan Agreement

As announced on 8 February 2023, in a Second Amendment and Restatement to the Loan Agreement for both aircraft loans, the Company and its lending banks had agreed to new terms subject to fixing the interest rates.

Interest rates for Tranche 1 and Tranche 2 for both aircraft loans have now been fixed until loan maturity in 2026, as follows:

o	For DP Aircraft III the Tranche 1 amortising loan interest rate is 5.26% and the Tranche 2 fixed balloon interest rate is 6.61%
o	For DP Aircraft IV the Tranche 1 amortising loan interest rate is 5.42% and the Tranche 2 fixed balloon interest rate is 6.89%

Based on the new terms, the aggregated final balloon payment in 2026 is forecast to amount to approximately USD 69.5m, assuming THAI Airways International continue to make rental payments on time for the duration of the loan.

For further information, please contact:
Aztec Financial Services (Guernsey) Limited  Sarah Felmingham / Chris Copperwaite	[phone]
Investec Bank plc David Yovichic / Denis Flanagan	[phone]

 

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