China Industrial Securities International Secures US$100 Million Uncommitted Revolving Loan Facility

Reuters
Yesterday
China <a href="https://laohu8.com/S/601377">Industrial Securities</a> International Secures US$100 Million Uncommitted Revolving Loan Facility

China Industrial Securities International Financial Group Ltd. said it has entered into a facility letter with a bank for an uncommitted revolving loan facility of up to US$100 million, available in US dollars or equivalent amounts in HKD, RMB, EUR or JPY. The facility has a final maturity of one year from the acceptance date, or another date at the lender’s sole discretion, and includes a default trigger if its controlling shareholder, Industrial Securities Co., Ltd., ceases to own at least 51% of the company and retain control.

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