Restaurant Brands Asia has informed that PT Sari Burger Indonesia, subsidiary of the Company has executed the facility agreement with Axis Bank, IBU, Gift City on Wednesday, December 6, 2023 for availing secured term loan facility of an amount not exceeding in the aggregate of USD 17.54 Million. The aforesaid agreement was executed on December 6, 2023 at 12:41 p.m. The aforesaid term loan facility is secured by unconditional and irrevocable Standby Letter of Credit (‘SBLC’) in the name of Axis Bank, IBU, Gift City from Axis Bank of an amount not exceeding in the aggregate of Rs. 150 Crore (Rupees One Hundred and Fifty Crore) equivalent to USD 18.07 Million. The Company has accordingly provided security for issuance of the said SBLC from Axis Bank.
The above information is a part of company’s filings submitted to BSE.