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1MDB Says Subsidiary Edra Fully Repaid RM700mil Loan

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KUALA LUMPUR: 1Malaysia Development Berhad says its subsidiary, Edra Energy (Langat) Sdn Bhd, has fully repaid a RM700mil Syndicated Term Loan Facility to a consortium of domestic banks, per the terms of the loan agreement.

It said the loan was first drawn in 2012 to partially finance 1MDB’s acquisition of its energy assets.

“This debt repayment and overall debt reduction is a tangible result of 1MDB’s successful rationalisation plan,” it said in a statement.


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