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
| +44(0) 1481 748833 |
| Investec Bank plc David Yovichic / Denis Flanagan | +44(0) 20 7597 4000 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
