HKBN Secures HK$10.75 Billion Term Loan Facility from Bank Syndicate

Reuters10-31

HKBN Secures HK$10.75 Billion Term Loan Facility from Bank Syndicate

HKBN Ltd. has announced that on 31 October 2025, its wholly-owned subsidiaries, as borrowers, together with the Company and certain other wholly-owned subsidiaries as guarantors, entered into a facility agreement with a syndicate of banks. The agreement provides for a term loan facility of HK$10.75 billion. The facility will mature 364 days after the initial drawdown and can be extended twice by 24 months each at the Company's option without the need for lender consent, subject to the satisfaction of certain conditions. The agreement also includes a clause allowing lenders to require prepayment if the controlling shareholder, China Mobile Hong Kong Company Limited and its affiliates, cease to hold more than 50% of the Company's issued voting ordinary shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HKBN Ltd. published the original content used to generate this news brief on October 31, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The agreement provides for a term loan facility of HK$10.75 billion. The facility will mature 364 days after the initial drawdown and can be extended twice by 24 months each at the Company's option without the need for lender consent, subject to the satisfaction of certain conditions. The agreement also includes a clause allowing lenders to require prepayment if the controlling shareholder, <a href=\"https://laohu8.com/S/600941\">China Mobile</a> Hong Kong Company Limited and its affiliates, cease to hold more than 50% of the Company's issued voting ordinary shares.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/HKBNY\">HKBN Ltd</a>. published the original content used to generate this news brief on October 31, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0261","symbol_name":"媒体","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251031:nNDL2z8HFh:1","article_id":"2579546048","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579546048","pubTimestamp":1761918896,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"HKBN Ltd. has announced that on 31 October 2025, its wholly-owned subsidiaries, as borrowers, together with the Company and certain other wholly-owned subsidiaries as guarantors, entered into a facility agreement with a syndicate of banks. 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The agreement provides for a term loan facility of HK$10.75 billion. The facility will mature 364 days after the initial drawdown and can be extended twice by 24 months each at the Company's option without the need for lender consent, subject to the satisfaction of certain conditions. The agreement also includes a clause allowing lenders to require prepayment if the controlling shareholder, China Mobile Hong Kong Company Limited and its affiliates, cease to hold more than 50% of the Company's issued voting ordinary shares.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HKBN Ltd. published the original content used to generate this news brief on October 31, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579546048","isCrawlerRequest":true}