Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money