{"id":26031,"date":"2022-01-05T09:09:02","date_gmt":"2022-01-05T12:09:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26031"},"modified":"2026-04-23T12:31:58","modified_gmt":"2026-04-23T15:31:58","slug":"donaco-announces-settlement-of-loan-facility-with-mega-bank","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-announces-settlement-of-loan-facility-with-mega-bank","title":{"rendered":"Donaco announces settlement of loan facility with Mega Bank"},"content":{"rendered":"\n

Donaco has confirmed it has fully repaid the borrowed amount of US$120m with its creditor Mega International Commercial Bank.<\/p>\n\n\n\n\n\n\n\n

Australia.- Donaco International <\/strong>has confirmed through a statement the settlement of the loan facility with its main lender Mega International Commercial Bank Co Ltd, known as Mega Bank.<\/p>\n\n\n\n

The company said it has fully repaid the initially borrowed amount of AU$131.54m (US$100m) stipulated in 2015, re-drawn AU$26.31m (US$20m) in 2016 and refinanced AU$74.98m (US$57m) in 2017 (equivalent to a total of US$120m borrowings).<\/p>\n\n\n\n

According to the statement, the final instalment of US$1.8m was paid in December 2021. <\/p>\n\n\n\n

Donaco also stated that there is no more outstanding loan balance owed to its lender Mega Bank.<\/p>\n\n\n\n

At the end of the statement, the company said it “continues to preserve a robust balance sheet and maintain prudent cost control as it awaits for the Covid-19 pandemic to ameliorate in Vietnam and Cambodia.”<\/p>\n\n\n\n

Last October, Donaco<\/a> reported revenue of $7.6m and a negative EBITDA of $0.3m for the third quarter of the year 2021.<\/p>\n\n\n\n

During the third quarter of the last year,\u00a0casino revenue was AU$50,000\u00a0<\/strong>while in the previous quarter it had reached AU$130,000.<\/p>\n\n\n\n

Donaco International<\/a> also reported that net revenue for the fiscal year 2021 was down 80.7 per cent from AU$10.32m to AU$53.49m. <\/p>\n\n\n\n

Negative group earnings before interest, taxation, depreciation and amortisation (EBITDA) was AU$70,000 (US$52,274).<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Donaco has confirmed it has fully repaid the borrowed amount of US$120m with its creditor Mega International Commercial Bank.<\/p>\n","protected":false},"author":176,"featured_media":19768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Donaco International has confirmed the full repayment of its US$120m loan facility to Mega International Commercial Bank, with the final instalment settled in December 2021. The company emphasizes maintaining a robust balance sheet and prudent cost control as it navigates the ongoing impacts of the Covid-19 pandemic on its operations in Vietnam and Cambodia, following a challenging Q3 2021 with negative EBITDA and significant revenue decline.","focusai_entities":"Donaco International, Mega International Commercial Bank Co Ltd, Mega Bank","focusai_location":"Australia, Vietnam, Cambodia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Post-Debt Capital Strategy?","query":"What is Donaco's projected capital allocation strategy post-debt repayment, particularly concerning potential M&A or expansion in recovering markets?"},{"label":"Impact on Cost of Capital?","query":"How does the full debt repayment impact Donaco's cost of capital and its ability to secure future financing for growth initiatives?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-26031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=26031"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26031\/revisions"}],"predecessor-version":[{"id":26037,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26031\/revisions\/26037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19768"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}