REG - DP Aircraft I Ltd - Further to Second Restatement to Loan Agreement

DP Aircraft IAnnouncement

28/02/2023 13:30

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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                +44(0) 1481 748833

 Sarah Felmingham / Chris Copperwaite

 Investec Bank plc                                          +44(0) 20 7597 4000

 David Yovichic / Denis Flanagan

 

 

 

 

 

 

 

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