Youyuan International Holdings Limited Enters into HKD 351 million and USD 90.5 million Facility Agreement
April 01, 2019 at 05:12 pm IST
Youyuan International Holdings Limited announced that On 1 April 2019, the Company as borrower and Xi Yuan Paper Limited and Sunwell Trading (HK) Company Limited, the wholly-owned subsidiaries of the Company, as guarantors, entered into a facility agreement with a syndicate of lenders with The Hongkong and Shanghai Banking Corporation Limited (HSBC) as mandated lead arranger and bookrunner, with HSBC also acting as the agent. Pursuant to the Facility Agreement, a 3.5-year dual currency term loan facility in the principal amount of HKD 351,000,000 and USD 90,500,000 was made available to the Company on the terms and conditions stated therein for the
purpose of refinancing the existing facilities and other general corporate funding requirements of the Group.