HKBN (01310) subsidiary company has been granted a total of HKD 10.75 billion in regular loan financing.

date
22:02 31/10/2025
avatar
GMT Eight
Hong Kong Broadband Network (01310) announced that on October 31, 2025, several wholly-owned subsidiary companies of the company...
HKBN (01310) announced that on October 31, 2025, several wholly-owned subsidiaries of the company (each as a borrower) as well as the company, the borrowers, and several other wholly-owned subsidiaries of the company (each as a guarantor) entered into a financing agreement with a syndicate (as lenders) for a total amount of HK$10.75 billion in term loan financing. The financing will mature on the 364th day after the first drawdown of the financing (or if that day is not a business day, then the following business day), but the company has the right to extend the maturity date twice under certain conditions, without the need for approval from any lender, each extension being for 24 months.