Restaurant Brands Asia Limited — Important, 13-11-2024: Agreements
13-11-2024 | 07:32 pm
13-11-2024 | 07:32 pm
Restaurant Brands Asia Limited has entered into a Loan Agreement with its subsidiary, PT Sari Burger Indonesia, to grant an unsecured loan amounting to IDR 40,000,000,000 (approximately INR 21.49 crore). The funds will be utilized to support the subsidiary’s primary business activities. With an interest rate set at 10.09% per annum, the loan is scheduled for repayment by November 12, 2029, or upon written demand by the lender. This transaction, categorized as a related party deal, is considered by the company to be executed at arm’s length and in the normal course of business. Investors should watch closely to assess how this financial support may bolster the subsidiary's operations and growth prospects in the market.
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