China Fishery inks US$425mln club loan facility

Facility to further strengthen the Group’s financial position and capital structure for possible future growth opportunities.

China Fishery Group Limited (“China Fishery”), a global leading industrial fishing company, is pleased to announce that it has signed a US$425 million Club Loan Facility Agreement (“The Facility”) on 17 November 2010.

The Facility is fully committed for four years and comprises a term loan facility of US$340 million and a revolving loan facility of US$85 million. The Facility will be used primarily for refinancing of existing debts and also for financing of general working capital needs, according to a China Fishery report.

Mr. Ng Joo Siang, Group Managing Director of China Fishery, commented, “This Facility will further strengthen the Group’s financial position and capital structure, providing us with greater financial resources and flexibility to manage our future growth opportunities.”

The club of banks forming the Facility are (in alphabetical order): Citic Bank International Limited, Coöperative Centrale Raiffeisen-Boerenleenbank B.A., Hong Kong Branch, DBS Bank (Hong Kong) Limited, The Hongkong And Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited.

Also Read

First Resources refutes ties to rainforest clearing in Indonesia

Olam Agri expands funding mix with $625M Murabaha facility

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit