TMG secures $225m Islamic revolving credit facility from Maybank

The group may request to convert the facility into a sustainability-linked one.

Thomson Medical Group Limited (TMG) has secured a $225m Islamic revolving credit facility from Maybank.

Under the terms of the Murabahah Agreement signed on 21st August, TMG may request, within 12 months, that the facility be classified as a sustainability-linked facility.

The reclassification is subject to agreed conditions, including alignment with specific sustainability performance targets that will determine the facility’s margin adjustment mechanism.

Proceeds from the facility will be used to fund the principal, interest and other amounts owing under TMG’s existing revolving credit facility due in October, including related costs.

Funds will also support the group’s working capital requirements, capital expenditure, business acquisitions, other investments, and general corporate purposes.