Brief: Asian Pay Television Trust Says Total Annual Interest Costs Expected To Be Lower By About S$9 Mln From 2019

Asian Pay Television Trust

26/11/2018 15:11

Nov 26 (Reuters) - Asian Pay Television Trust  ASIA.SI :
    * FOLLOWING SUCCESSFUL REFINANCING, TOTAL ANNUAL INTEREST
COSTS
EXPECTED TO BE LOWER BY ABOUT S$9 MILLION FROM 2019
    * "TO SUPPORT DEBT MANAGEMENT PROGRAMME, APTT WILL PAY MORE
CONSERVATIVE DISTRIBUTIONS TO UNITHOLDERS"
    * DISTRIBUTION IS EXPECTED TO BE 1.20 CENTS PER UNIT FOR
2019 AND
2020
    * NEW DISTRIBUTION LEVEL IS EXPECTED TO BE 0.30 CENTS PER
UNIT PER
QUARTER BEGINNING FROM Q4 OF 2018 THROUGH TO 2020
    * GEARING RATIO IS EXPECTED TO PEAK AT NEARLY 8 TIMES NET
DEBT TO
EBITDA BY 31 DECEMBER 2018
    * "WE EXPECT OUR DEBT LEVELS AND GEARING RATIO TO GRADUALLY
DECLINE STARTING FROM 2019"

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ2XkgPJ
Further company coverage:  ASIA.SI 

 ((Reuters.Briefs@thomsonreuters.com;))