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China Merchants enters into agreement for short-term revolving loan facility

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CHINA Merchants Holdings (Pacific) has entered into a facility agreement with DBS Bank for a one-year, uncommitted multi-currency short-term revolving loan facility for US$50 million.

CHINA Merchants Holdings (Pacific) has entered into a facility agreement with DBS Bank for a one-year, uncommitted multi-currency short-term revolving loan facility for US$50 million.

The company will use all amounts borrowed under the facility as bridging loans for toll road acquisitions, to refinance its existing loans, for general corporate purposes or working capital requirements, it said.

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