HKBN Secures HK$10.75 Billion Term Loan Facility from Bank Syndicate
Reuters
Oct 31
HKBN Secures HK$10.75 Billion Term Loan Facility from Bank Syndicate
HKBN Ltd. has announced that on 31 October 2025, its wholly-owned subsidiaries, as borrowers, together with the Company and certain other wholly-owned subsidiaries as guarantors, entered into a facility agreement with a syndicate of banks. The agreement provides for a term loan facility of HK$10.75 billion. The facility will mature 364 days after the initial drawdown and can be extended twice by 24 months each at the Company's option without the need for lender consent, subject to the satisfaction of certain conditions. The agreement also includes a clause allowing lenders to require prepayment if the controlling shareholder, China Mobile Hong Kong Company Limited and its affiliates, cease to hold more than 50% of the Company's issued voting ordinary shares.
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