AMH is pleased to announce that its wholly-owned subsidiary, MBNS, has today accepted a Term Loan Facility of up to RM400 million (“Facility”) from Sumitomo Mitsui Banking Corporation Malaysia Berhad (“SMBC”). The Facility is granted to MBNS on a clean basis.

The first drawdown of the Facility shall be made within 3 months from the date of the Facility Agreement, and is available for multiple drawdowns thereafter.

The Facility shall be fully repaid on or before the expiry of 4 years from the date of the first drawdown with a 1-year option to extend. This is a principal amortisation Facility with the first instalment payable by MBNS 24 months from the first drawdown date.

The purpose of the Facility is to finance MBNS’s:-

1. costs relating to the production, purchase and licensing of content, programme or channels; and its purchase of set-top boxes, including the settlement of vendor financing;  
2. operating expenditure and its capital expenditure, including asset acquisition for broadcast and transmission and acquisition of software and platforms;

as well as to refinance the existing term loan facility of RM380 million from SMBC obtained on 9 August 2018.

The Board of Directors of AMH, after having considered all aspects of the Facility, is of the opinion that the Facility will facilitate AMH group’s borrowings to be managed more efficiently due to its competitive pricing and tenure.

This announcement is dated 14 August 2023.