Singapore’s SATS establishes $3 billion multicurrency debt program

Chicago, Nov. 20 – SATS Ltd. established a $3 billion multicurrency debt issuance program (A3), according to a notice.

SATS Treasury Pte. Ltd. will issue notes under the program with SATS as a guarantor.

DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. will be acting as joint arrangers and dealers.

Proceeds will be used to refinance existing borrowings, finance a potential acquisition and for investment opportunities. Proceeds may also be used for working capital requirements, capital expenditure requirements and general corporate purposes of the group.

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

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