Thai Airways Discloses Fair Value Report Amid Debt Restructuring
Thai Airways International has released its fair value assessment report to guide creditors about converting debt into equity, an element of its rehabilitation plan. The report confirms the company's commitment to clear capital restructuring and was produced by Capital Advantage Co Ltd. Using the EV-EBITDA ratio method, the report values Thai Airways' equity at 117,380.83 to 152,101.18 million baht for mandatory conversions and 134,725.97 to 169,446.32 million baht including voluntary conversions.
Thai Airways International has released a fair value assessment report to assist creditors in their decision-making regarding the conversion of existing debt and accrued interest into equity as part of the company's rehabilitation plan.
Capital Advantage Co Ltd served as the Independent Financial Adviser to prepare this report, highlighting Thai Airways' dedication to a transparent capital restructuring process.
The airline submitted its securities offering and draft prospectus to the Securities and Exchange Commission on September 30 to progress with its capital restructuring.
The IFA report used the EV/EBITDA ratio method to evaluate the fair value of the company, marking a significant milestone in achieving positive shareholders' equity.
According to the report, the fair value of Thai Airways' equity after mandatory conversion ranges from 117,380.83 million to 152,101.18 million baht.
If voluntary conversions are included, the range is 134,725.97 million to 169,446.32 million baht.
Further information is accessible on the Stock Exchange of Thailand's website and Thai Airways' investor relations site.
Capital Advantage Co Ltd served as the Independent Financial Adviser to prepare this report, highlighting Thai Airways' dedication to a transparent capital restructuring process.
The airline submitted its securities offering and draft prospectus to the Securities and Exchange Commission on September 30 to progress with its capital restructuring.
The IFA report used the EV/EBITDA ratio method to evaluate the fair value of the company, marking a significant milestone in achieving positive shareholders' equity.
According to the report, the fair value of Thai Airways' equity after mandatory conversion ranges from 117,380.83 million to 152,101.18 million baht.
If voluntary conversions are included, the range is 134,725.97 million to 169,446.32 million baht.
Further information is accessible on the Stock Exchange of Thailand's website and Thai Airways' investor relations site.
