CITIC Resources Concluded USD380 mm Term Loan Facility
OREANDA-NEWS. June 29, 2012. CITIC Resources Holdings Limited (“CITIC Resources” or the “Company”) (Stock Code: 1205) today announced that the Company has concluded a three-year USD380 million term loan facility (the “Facility”) with the following 10 leading international financial institutions joined as Mandated Lead Arrangers, reported the press-centre of CITIC Resources.
China Development Bank Corporation, Hong Kong Branch
_ Bank of China (Hong Kong) Limited
_ China Construction Bank Corporation, Hong Kong Branch
_ The Bank of Tokyo-Mitsubishi UFJ, Ltd.
_ Commonwealth Bank of Australia
_ The Hongkong and Shanghai Banking Corporation Limited
_ Industrial and Commercial Bank of China (Asia) Limited
_ Mizuho Corporate Bank, Ltd. (also as Facility Agent)
_ Sumitomo Mitsui Banking Corporation
_ CITIC Bank International Limited (also as Publicity Agent)
The Facility was well-received by the banking market with 90% over-subscription and the size was increased from the initial level of USD 200 million to USD 380 million.
Mr. Zeng Chen, Vice Chairman and Chief Executive Officer of the Company, commented, “the
Facility received an enthusiastic response from a wide range of reputable PRC and international
banks, which provided a clear proof of our strong funding capacity and signified the banks’ strong confidence on our future growth. The Facility will further strengthen our long-term liquidity and capital base and bringing in additional financial flexibility for our business expansion along which we would look forward to further working closely with our relationship banks.”
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