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Agile Group obtains facility with HK$8.8B, US$200M tranches

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Agile Group obtains facility with HK$8.8B, US$200M tranches

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.