Press Release

Date: 
25-03-2016
Repayment of RM700 Million Syndicated Term Loan Facility
Repayment of RM700 Million Syndicated Term Loan Facility

1MDB is pleased to announce that its subsidiary, Edra Energy (Langat) Sdn. Bhd., has fully repaid an RM700 million Syndicated Term Loan Facility to a consortium of domestic banks, per the terms of the loan agreement.

The loan was first drawn in 2012 to partially finance 1MDB’s acquisition of its energy assets.

This debt repayment and overall debt reduction is a tangible result of 1MDB’s successful rationalisation plan.