PHI Group Inc (PHIL): PHI GROUP INC : Other Events, Financial...

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keepdreaming132

Re: Sircooper post# 93959

Monday, 12/20/2021 9:06:49 PM

Monday, December 20, 2021 9:06:49 PM

PHI GROUP INC : Other Events, Financial Statements and Exhibits (form 8-K)

Item 8.01 Other Events.

1. Loan Approval Letter and Term Sheet between Geza Holding AG and PHI Group, Inc.

On December 10, 2021, the registrant received a Loan Approval Letter from Geza Holding AG, a Swiss company located at Bleicherweg 18, 8002, Zurich, Switzerland for a USD 1.5 billion project financing loan program and on December 15, 2021 the registrant signed a Term Sheet with Geza Holding AG for the proposed financing. According to the Loan Approval Letter and the Term Sheet, the term of the loan will be fifteen years and the interest rate will be 3.5% per annum, with a one-year grace period.

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