Regal Hotels International Holdings Limited (HK:0078) has released an update.
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Regal Hotels International Holdings Limited has announced a significant amendment to their 2021 Facilities Agreement, which includes changing the interest rate to a variable one and extending the loan maturity date to October 12, 2027. This major financial adjustment for Regal and connected transaction for Cosmopolitan will require approval from independent shareholders at upcoming meetings, with detailed circulars to be distributed by September 25, 2024. The amendment affects a term loan of HK$357 million and a revolving loan facility up to HK$500 million.
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