TU Agrees to Approve a Guarantee for Red Lobster

Thai Union Group Public Company Limited (SET: TU) would like to inform the Stock Exchange of Thailand (SET) that on 24th August 2022, TU Board of Directors Meeting had resolutions to approve a guarantee for Red Lobster Master Holdings, L.P. (RLMH) or its wholly owned subsidiaries.

RLMH is an associated company held by Thai Union Investments North America LLC (TUINA), a subsidiary wholly owned by TU in the United States of America. TU holds common units and preferred units of 25% and 24%, respectively, in RLMH.

The decision was to provide financial assistance through a guarantee of a portion of RLMH’s credit facility. The amount of the guarantee will not exceed USD65 million, which is approximately 25% of the outstanding credit facility balance.