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GEELY AUTO Plans to Establish Syndicated Loan of USD420M Max. for Zeekr Privatization
Recommend 13 Positive 22 Negative 3 |
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In order to finance the outbound US dollar demand for the cash consideration of Zeekr (ZK.US) privatization, GEELY AUTO (00175.HK) announced that it, as the borrower, plans to establish a short-term facility agreement. This agreement will be signed within the next month with a syndicate of banks and financial institutions, with the expected principal amount not exceeding USD420 million for a term of around one year. AAStocks Financial News |
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