Thailand Securities and Exchange Commission urges PHUKET bondholders to vote on maturity extension to 30 June 2027 and interest increase to 7.50%

The Thailand Securities and Exchange Commission issued a notice urging bondholders in six Phuket Fantasea Public Company Limited bond series to review all available information and exercise their rights at the Bondholders’ Meeting No. 1/2025 on 15 December 2025, where the issuer will seek approval to amend bond terms and facilitate related restructuring steps. The meeting covers PHUKET206A, PHUKET207A, PHUKET207B, PHUKET208A, PHUKET20DA and PHUKET216A, including a proposal to extend redemption by one year to 30 June 2027 and to revise interest terms by increasing the rate by 0.25 percentage points from 7.25% to 7.50% per year from 30 December 2025 until the extended maturity date, alongside revisions to interest payment conditions previously approved at the Bondholders’ Meeting No. 1/2024. Bondholders will also consider granting an exemption from an event of default for the issuer’s proposal to revise debt repayment conditions for seven bond series with outstanding principal of THB 2,288.7 million as of 1 December 2025, and or to negotiate debt restructuring with financial institutions or other creditors within one year from the meeting, and or to execute a debt to equity conversion between the company and Safari World Public Company Limited for the PHUKET216A series. The SEC requires the bondholders’ representative to analyse benefits, shortcomings and potential impacts on bondholders for both approval and non-approval, with supporting reasons and the representative’s opinion. The meeting is scheduled for 14:00 at the Blossom Meeting Room, Safari World, Bangkok, and bondholders are encouraged to raise any necessary queries with the issuer or the bondholders’ representative before voting.