Quarterly Result14 Feb 2026, 09:33 pm
Kiri Industries Subsidiary Repays USD 130 Million Facility, Terminating Agreement
AI Summary
Kiri Industries Ltd. announced that its wholly-owned overseas subsidiary, Claronex Holdings Pte. Ltd., has fully repaid a USD 130 million facility. The repayment has led to the termination of the Facility Agreement and Security Documents executed in September 2024. The Borrower has repaid the facility along with applicable interest to Meritz Securities Co., Ltd. and TCM Asia Private Credit Fund VCC. Upon full repayment, all guarantees and securities created in connection with the facility have been released, leading to the termination of the Facility Agreement and Security Documents.
Key Highlights
- Kiri Industries subsidiary repaid USD 130 million facility
- Facility Agreement and Security Documents terminated
- Repayment includes applicable interest
- Guarantees and securities released
- Termination in accordance with agreement terms