TIDMDPA

RNS Number : 3736R

DP Aircraft I Limited

28 February 2023

DP Aircraft I Limited ("the Company")

Company Update: Further Details on the Second Restatement to the Loan Agreement

As announced on 8 February 2023, in a Second Amendment and Restatement to the Loan Agreement for both aircraft loans, the Company and its lending banks had agreed to new terms subject to fixing the interest rates.

Interest rates for Tranche 1 and Tranche 2 for both aircraft loans have now been fixed until loan maturity in 2026, as follows:

 
      o   For DP Aircraft III the Tranche 1 amortising loan interest 
           rate is 5.26% and the Tranche 2 fixed balloon interest 
           rate is 6.61% 
      o   For DP Aircraft IV the Tranche 1 amortising loan interest 
           rate is 5.42% and the Tranche 2 fixed balloon interest 
           rate is 6.89%

Based on the new terms, the aggregated final balloon payment in 2026 is forecast to amount to approximately USD 69.5m, assuming THAI Airways International continue to make rental payments on time for the duration of the loan.

 
 For further information, please 
  contact: 
 Aztec Financial Services (Guernsey) 
  Limited 
  Sarah Felmingham / Chris Copperwaite    +44(0) 1481 748833 
 Investec Bank plc 
  David Yovichic / Denis Flanagan         +44(0) 20 7597 4000

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February 28, 2023 08:23 ET (13:23 GMT)

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