tiprankstipranks
Cosmopolitan Amends Loan Terms and Extends Maturity
Company Announcements

Cosmopolitan Amends Loan Terms and Extends Maturity

Cosmopolitan International Holdings Limited (HK:0120) has released an update.

Don't Miss our Black Friday Offers:

Cosmopolitan International Holdings Limited has entered into a Second Supplemental Agreement with its subsidiaries to amend the 2021 Facilities Agreement, which includes changes to the interest rate and an extension of the maturity date to October 12, 2027. The revised terms now feature an interest rate of 1-month HIBOR plus 1.95% and a reduced loan facility amount. The transactions constitute major connected transactions for Regal and connected transactions for Cosmopolitan, requiring announcements, circulars, and independent shareholder approvals under the Listing Rules.

For further insights into HK:0120 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App