1MDB is pleased to announce that it has prepaid, in full and in advance of the repayment date, a RM2 billion facility from Marstan Investments N.V. This facility was entered into in February 2015 and proceeds were used to repay RM2 billion of debt owing to a syndicate of domestic banks. The facility was arranged for 1MDB by Tanjong, as an alternative to a commitment by Tanjong, to invest RM2 billion of equity in 1MDB subsidiary, Powertek Investment Holdings Sdn. Bhd.
This repayment marks another major milestone in the 1MDB rationalisation plan and further reduces 1MDB’s short term debt obligations.