event of default under the Terms and Conditions in cases where the bond issuer engages in debt restructuring negotiations with financial institutions, proposes amendments to the debt repayment schedule at
Bangkok, 4 March 2024 – The Securities and Exchange Commission (SEC) has released a handbook for convening effective and transparent bondholders’ meetings while promoting the exercise of bondholders
following matters: (1) Granting an exemption from an event of default for the bond issuer’s unable to maintain the Interest-Bearing Debt to Equity Ratio not exceeding 5:1 as of 31 December 2024
date for redemption for another two years, with the total debt exceeding 400 million baht, without being considered an event of default under the terms and conditions of the bonds. (This matter has
on 21 July 2025, with the remaining balance to be settled on the extended maturity date; (4) a waiver of an event of default for the bond issuer’s negotiations of debt restructuring with financial
land, buildings, and machinery of the company's seasoning manufacturing factory to a bank as collateral for securing a loan, refinancing, or negotiating waivers or modifications for debt restructuring
terms and conditions, and a cancellation of immediate payment obligation of SABUY258A bond. Regarding SABUY263A bonds:(1) A waiver of the obligation to maintain the net debt-to-equity ratio
date by additional three years. This would constitute a deferral of debt repayment, including postponing or modifying the debt payment schedule, and should not be considered an event of default under
proposes to the bondholders’ meeting a revision of debt repayment conditions, changes to the debt repayment schedule, or any other modifications related to the debts; (2) Extending the maturity date for
) ITD266A, to study all available information, exercise their rights at the upcoming bondholders’ meeting, and reach out to the bond issuer or the bondholder representative to obtain comprehensive and