Debt Restructuring Term Sheet Announcement

Energy World Corporation Limited (ASX:EWC) has announced that it has entered into a binding debt restructure term sheet in relation to various existing loan agreements with Energy World International Limited (EWI), Slipform Engineering International (H.K.) Limited (SEIL), and PT Slipform Indonesia (PTSI). The restructure involves combining the existing loan agreements into a single loan with a principal amount of USD 432,000,000, to be repaid over a 10-year period in fixed, equal monthly installments starting from January 2026.

Executive Commentary on Debt Restructuring

The Company is pleased to have reached this agreement with the Lenders, which provides a structured approach to managing its financial liabilities over the long term. This restructured loan will enable us to continue our planned activities with confidence and assurance, and we look forward to finalizing the formal documentation by the end of October 2024.

Summary of Debt Restructuring Term Sheet

Energy World Corporation Limited (ASX:EWC) has successfully entered into a binding debt restructure term sheet with Energy World International Limited (EWI), Slipform Engineering International (H.K.) Limited (SEIL), and PT Slipform Indonesia (PTSI). The restructure involves combining existing loan agreements into a single loan of USD 432,000,000, to be repaid over a 10-year period in fixed, equal monthly installments starting from January 2026. The Company anticipates that this restructured loan will provide the necessary financial stability to support its ongoing operations and planned activities. The formal documentation for the restructured loan is expected to be completed by the end of October 2024.