Tian An Australia (ASX:TIA) said Oasis Star agreed to amend its current loan facility of AU$200 million with Tian An to be interest-free from May 23, 2024, until the loan facility expires on Dec. 31, 2027, according to a Wednesday Australian bourse filing.
The company's forecast annual interest expense relating to this facility is about AU$10 million per annum, the filing said. It is expected to save about AU$6 million for 2024.
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