The Board of Directors of Hengyuan Refining Company Berhad (“HRC” or the “Company”) is pleased to announce the Company’s financing plans based on formal agreements executed between the parties:

1. Establishment of an unrated medium term notes programme of up to RM5.0 billion in nominal value, which will be issued in tranches over a tenure of 30 years via bought deal or private placement, with AmInvestment Bank Berhad and Maybank Investment Berhad as the Joint Principal Advisers/Joint Lead Arrangers/Joint Lead Managers and Malaysian Trustees Berhad as the Trustee; and
2. Acceptance of multi-currency revolving credit (“RC”) facilities comprising of (i) USD RC facility of up to USD235.0 million and (ii) MYR RC facility of up to RM250.0 million offered by AmBank (M) Berhad, China Construction Bank Corporation, Labuan Branch and Malayan Banking Berhad. 

Please refer to the attachment for the details of the announcement.
 

This announcement is dated 12 September 2022.