Vinda International (03331) said it entered into a term facility agreement in relation to the loan(s) made or to be made of an aggregate amount not exceeding HK$3,000 million (or an equivalent amount).
The loan period will not exceed four years. The interest rate offered is equal to or more favorable than those offered to the Group by independent third parties. The facility will be applied towards general corporate purposes of the Group.
Svenska Cellulosa Aktiebolaget SCA (publ), the holding company of the lender, is also the ultimate holding company of SCA Group Holding BV, the controlling shareholder of Vinda, holding around 51.4% stake in Vinda.