Winfull Group (HKG:0183) agreed to provide a term loan facility of up to $1 million to Melrose Park Developments, a Wednesday bourse filing said.
The loan carries a PIK interest rate of 6% per annum to be paid on the final repayment date, and an 8% per annum interest rate to be paid on a quarterly basis.
The borrower, which engages mainly in the investment holding business, will use the loan to finance its funding commitment under a certain loan agreement under which it is a co-lender and security agent.
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