Baoxin Auto Group Ltd
Baoxin Auto Successfully Signed and Closed Loan at USD 242m
To: Business Editor Baoxin Auto Successfully Signed and Closed Loan at USD 242m [7th August 2015, Hong Kong] Baoxin Auto Group Limited (“Baoxin Auto” or the “Company” and, together with its subsidiaries, the “Group”, Stock Code: 1293.HK), a leading luxury 4S dealership group in China, is pleased to announce that it has signed and closed on the issuance of a US$242 million 3-year term loan on 6th August 2015. It carries a margin of +3.70% over LIBOR and has been upsized from its original USD 150m target at launched on 22nd June 2015. The Global Coordinator, Mandated Lead Arrangers and Bookrunner (MLAB) for the Facility, Standard Chartered Bank (Hong Kong) Limited, and 9 additional international and regional banks participated in the transaction. The funds will be used for refinancing and general corporate purpose. – End- About Baoxin Auto Group Limited Issued by Porda Havas International Finance Communications Group for and on behalf of Baoxin Auto Group Limited. For further information, please contact: Porda Havas International Finance Communications Group End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=WRHFDYSVDG Document title: Baoxin Auto Successfully Signed and Closed Loan at USD 242m Key word(s): Miscellaneous 07/08/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
384657 07/08/2015 UTC+8 |