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An announcement from SATS ( (SG:S58) ) is now available.
SATS Ltd has secured a S$500 million loan facility to refinance its existing debt, aligning with its strategy to reduce leverage without increasing overall debt. The company has also repaid S$300 million in medium-term notes using internal funds, which will decrease its annual interest expenses by S$8.36 million, reflecting a strong financial management approach.
More about SATS
SATS Ltd is a company operating in the aviation services industry, primarily providing gateway services and food solutions. The company focuses on enhancing operational efficiency and financial stability in its market.
YTD Price Performance: -24.39%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.17B
Learn more about S58 stock on TipRanks’ Stock Analysis page.