Singapore’s SATS seeks consents to amend two series of notes due 2025

By Marisa Wong

Los Angeles, Jan. 10 – SATS Ltd. has begun a consent solicitation exercise in connection with its S$200 million 2.88% series 001 notes due 2025 (ISIN: SGXF76236896) and S$100 million 2.6% series 002 notes due 2025 (ISIN: SGXF55720563), according to a notice.

The company is asking noteholders to approve some proposed amendments and waivers of financial covenants. The company is seeking consents by way of extraordinary resolutions in writing instead of a meeting.

The deadline for delivering consents is Jan. 17.

DBS Bank Ltd. and United Overseas Bank Ltd. are solicitation agents.

SATS is a Singapore airport service company that provides ground handling and in-flight catering services at Changi Airport.

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