Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 34

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 34
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 markets. Obtaining financing on attractive
terms has been, and may in the future be further, constrained by the capital markets for hotel and real estate investments.

We face risks associated with our debt obligations.

Some of our existing debt obligations are scheduled to mature within the next 12 months. iclub AMTD Sheung Wan Hotel is mortgaged to The Bank of East Asia, Limited in relation to loan facilities in the aggregate principal amount of HK$396,100,000 outstanding. This loan was originally scheduled to mature in April 2025; however since that time, and as at the date of this prospectus, the maturity of this loan has been extended on a continuing and rolling basis and we are currently exploring options to obtain better facility terms and conditions anticipate to refinance this loan during or prior to the first quarter of 2026. The loan is fully and irrevocably guaranteed by Paliburg Holdings Limited and Regal Hotels International Holdings Limited (each a part of the Century City International Holdings Limited Group), who have the primary and direct contractual repayment liability for the loan, and in consideration for such guarantee we pay a quarterly guarantee fee of 1% per annum on the outstanding loan amount. As such, provided we continue to pay the guarantee fee, we will not have any direct obligation to repay the outstanding amounts of this loan. Assuming this loan is not refinanced, any failure by us to pay the guarantee fee could result in an obligation on us to repay the amounts drawn down and outstanding. Furthermore, the amount that we are currently required to pay by way of the guarantee fee may be higher than the fees that could otherwise be payable under alternative, more commercially favourable financing arrangements, with such higher fees needing to continue to be paid until the loan is refinanced, thus resulting in higher finance costs for us.

Dao by Dorset AMTD Singapore
is mortgaged to RHB Bank Berhad in relation to loan facilities for the aggregate principal amount of SGD217,000,000 due to mature on
August 18, 2028, and one unit (of the two units we own) in a recently completed high-rise luxury building situated in New York is mortgaged
to East West Bank in relation to loan facilities for the aggregate principal amount of US$10,500,000 due to mature on July 1, 2053.

Our ability to refinance
or repay these obligations will depend on various factors, including our financial condition, cash flow generation, creditworthiness
and prevailing market conditions