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Restaurant Brands Asia secures term loan facility from Axis Bank

Oct 9, 2023

By: BlinkX Research Team

Restaurant Brands Asia is set to avail a secured term loan facility from Axis Bank Limited, India. The company's board of directors approved this decision at a meeting on October 9, 2023. The loan facility includes both fund-based and non-fund based components, and it's fully fungible.

The term loan facility (fund-based) is ₹150 crore (equivalent to $18.07 million)
and the non-fund based method is a letter of credit facility. The agreement for this facility will be executed by Restaurant Brands Asia with Axis Bank Limited in the near future.

The company emphasized its commitment to proactive Asset Liability Management (ALM) and its strategy to maintain liquidity. This new facility aims to support the company's financial stability and strategic objectives.