Samsonite International Refinances Debt via New Credit Line

MT Newswires Live

11/07

Samsonite International (HKG:1910) acquired a new credit line amounting to over $2 billion, according to a Hong Kong bourse filing Thursday.

Shares of the travel luggage company fell over 1% in morning trade Friday.

The new senior credit facilities consist a revolving credit line of $850 million and a term loan facility of $1.3 billion.

The facilities were used to refinance existing debt, the firm said.

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