SATS ( (SG:S58) ) just unveiled an announcement.
SATS Ltd. announced the pricing of US$100 million in fixed rate notes due 2028, issued through its subsidiary World Flight Services, Inc. This issuance is part of a larger US$3 billion multicurrency debt issuance program. The notes, which carry a 4.578% interest rate, are aimed at refinancing existing borrowings, potentially impacting the company’s financial flexibility and market positioning. DBS Bank Ltd. is leading the issuance, with the Industrial and Commercial Bank of China Limited, Singapore Branch as co-manager.
More about SATS
SATS Ltd. is a company involved in the aviation services industry, providing ground handling and in-flight catering services primarily at airports. The company focuses on enhancing its market presence through strategic financial initiatives.
YTD Price Performance: -24.44%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.99B
See more data about S58 stock on TipRanks’ Stock Analysis page.