BANGKOK--The country's largest oil refiner, Thai Oil PCL (TOP.TH), said Friday it has repaid $100 million out of its $150 million outstandings earlier than scheduled.
The partial repayment will allow the company to efficiently manage its financial liquidity and lower its interest burden, Thai Oil said in filing to the Stock Exchange of Thailand.
The $150 million outstanding debt is part of a five-year $200-million revolving credit facility that will expire in June 2010. The facility carries a floating interest rate, currently around 5% per year.
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