On March 27, 2017 BEST has signed the Credit Facility Agreement for a 2.5 billion-dollar loan facility (which can be increased to JPY 5 billion) with Nomura Special Investments Singapore Pte.Ltd. as Original Lender (“JPY Credit Agreement”) with information such as:
- The loan period is 48 months from the date of first withdrawal or other period as stipulated in the JPY Credit Agreement.
- Loan Interest Rate is 2% + TIBOR 3 months.
- Purpose of Fund Use: A minimum of 60% of the JPY loan agreement amount is used to pay a portion of USD 130 million Syndicated loan. The remainder is used to pay the interest reserve, the costs incurred from the JPY Credit Agreement, reimburse / purchase of land, finance the construction of land infrastructure
Recent Comments