STELLA Shareholders Approve 2.6 Billion Baht Loan Plan

MGR Online•Economy•265d ago

Reader Briefing

STELLA secures shareholder approval for a 2.6 billion Baht loan facility from Thana Power Holding, extending debt repayment deadlines and bolstering financial liquidity.

•STELLA's shareholders unanimously approved a 2.6 billion Baht financial assistance package from Thana Power Holding (TNH).
•The loan will consolidate existing debt and extend repayment until December 31, 2028, with an 8.75% annual interest rate.
•Shares in Wind Energy Holding Company are being used as collateral for the loans.

Overview

•On January 29, STELLA submitted a letter to the Stock Exchange of Thailand detailing the shareholder meeting resolutions.
•STELLA's shareholders unanimously approved financial assistance from Thana Power Holding (TNH) by 100% of voting shares.
•The approved financial assistance totals 2,600 million Baht, comprised of urgent loans and extended payment deadlines.
•STELLA obtained approval for a 1,900 million Baht financial assistance package from TNH, including a 600 million Baht urgent loan and a 1,300 million Baht debt extension.
•The repayment deadline for the 1,300 million Baht loan portion has been extended to December 31, 2028.
•STELLA received approval for an additional 700 million Baht loan from TNH, also due by December 31, 2028.
•The transaction will consolidate STELLA's debts under TNH and extend the repayment period to December 31, 2028.
•The loans are secured by STELLA's holdings in Wind Energy Holding Company, enabling STELLA to manage finances with greater flexibility and liquidity.

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Key Entities

Organization

STELLA(สเตลล่า)

A publicly listed company that has secured shareholder approval for a significant loan to manage its debt.

Thana Power Holding(ธนา พาวเวอร์ โฮลดิ้ง)

The lender providing financial assistance and loans to STELLA.

STELLA EX Company Public Company Limited(บริษัท สเตลล่า เอ็กซ์ จำกัด (มหาชน))

The official registered name of STELLA, a publicly traded entity.

Thana Power Holding Company Limited(บริษัท ธนา พาวเวอร์ โฮลดิ้ง จำกัด)

The full legal name of the entity lending funds to STELLA.

Wind Energy Holding Company Limited(บริษัท วินด์ เอนเนอร์ยี่ โฮลดิ้ง จำกัด)

The company whose shares are held by STELLA and used as collateral for the loans.

Timeline

January 29(29 ม.ค. 2569)

The date STELLA submitted its official filing to the Stock Exchange of Thailand.

December 31, 2028(31 ธ.ค. 2571)

The extended repayment deadline for the loans approved for STELLA from Thana Power Holding.