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Louis XIII Holdings Ltd updates on term loan facility

Monday, 13 Jan 2014 08:30am EST 

Louis XIII Holdings Ltd:Refers to the announcement made on Nov. 7 in relation to, inter alia, the possible debt financing arrangement with a Mainland China-based bank (the Bank).Says New Concordia Hotel Limited (New Concordia) has received an offer letter from the Bank’s Hong Kong branch on Jan. 10 for a term loan facility of up to HK$3,045,000,000 (the Loan Facility), which such offer has been accepted by New Concordia on Jan. 13.Says the Loan Facility is for a term of six years commencing from the date of the first drawdown.Says the loan facility is to be used principally for construction of the Hotel. 

Company Quote

1 Sep 2015