March 26, 2024
Guardian Holdings Limited (GHL) has advised that pursuant to authorisation by its Board of Directors, GHL executed a Loan Agreement effective March 21, 2024, arranged by Guardian Group Trust Limited (“GGTL”) for a maximum amount of TT$450 Million. The proceeds from this facility will be allocated for general corporate purposes. The total loan amount of up to TT$450 Million will be disbursed in two tranches. The first tranche (“Tranche A”) was disbursed on March 21, 2024, in the sum of TT$382 Million at a rate of interest of 5.35% per annum. The second tranche (“Tranche B”) is proposed to be disbursed at a later date for a facility of up to TT$68 Million or the equivalent denominated in any other currency, at a rate of interest of 5.20% per annum. Both Tranche A and Tranche B will mature on June 21, 2029. The Security documents for this loan include a Debenture and Deed of Priority.
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.