C05302-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common (NIKL) | 13,630,850,117 |
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Subject of the Disclosure |
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Execution by Nickel Asia Corporation subsidiary Jobin-SQM Inc. of syndicated loan agreement |
Background/Description of the Disclosure |
Further to the July 6, 2021 disclosure of Nickel Asia Corporation (NAC), NAC confirms the execution by its subsidiary, Jobin-SQM Inc. (JSI), of a syndicated loan agreement for up to Php1.6 billion (the “Syndicated Loan”) on August 2, 2021. The parties to the Syndicated Loan are JSI as Borrower; Industrial and Commercial Bank of China-Manila Branch and Security Bank Corporation as Lenders; Security Bank Corporation – Trust and Asset Management as Facility Agent and Collateral Trustee; SB Capital Investment Corporation as Sole Issue Manager and Lead Arranger; and JSI’s shareholders, NAC, its subsidiary Emerging Power, Inc. (EPI), and TBEA International Engineering Co. Ltd. (TBEA) as Share Collateral Security Grantors and Sponsors. A portion of the proceeds of the Syndicated Loan will refinance the existing loan of JSI from NAC which was used by JSI for its solar power plant expansion projects that commenced in 2020. |
Other Relevant Information |
None. |
Name | Georgina Carolina Martinez |
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Designation | Senior Vice President - Compliance and Corporate Services, Chief Compliance Officer, Assistant Corporate Secretary |