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Successful refinancing is only half the battle won for Ezion, says DBS

PC Lee
PC Lee4/4/2018 11:16 AM GMT+08  • 2 min read
Successful refinancing is only half the battle won for Ezion, says DBS
SINGAPORE (Apr 4): Successful refinancing is only half the battle won, says DBS Group Research, with the other half being earnings recovery which requires having strategic shareholders.
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SINGAPORE (Apr 4): Successful refinancing is only half the battle won, says DBS Group Research, with the other half being earnings recovery which requires having strategic shareholders.

The refinancing proposal, which has been approved by its lenders, security holders and shareholders, minimises insolvency risk for Ezion as principal repayments will be pushed back by six years.

The proposal provides additional credit line of US$118 million ($154.7 million) for working capital; reduces depreciation expense by US$60 million, and leads to interest savings of US$30 million from bank loans and US$28 million from securities issued.

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