Agile Group Holdings Ltd., along with certain of its subsidiaries, secured a two-tranche, 48-month term loan from an unnamed bank and a syndicate of various other financial institutions.
The first tranche of the facility amounts to HK$8.83 billion and comes with a greenshoe option of HK$2.50 billion. The second tranche provides US$200 million.
The facility is subject to a 3.95% annual margin rate plus the Hong Kong interbank offered rate for the Hong Kong-dollar-denominated tranche and plus the ICE Benchmark Administration Ltd.-administered London interbank offered rate for the U.S.-dollar-denominated tranche.