Modern Terminals Corporate Letterhead - Wharf (Holdings
FOR IMMEDIATE RELEASE 6 OCTOBER 2005
Modern Terminals Limited Signs
HK$6-billion Five-year Revolving/Term Loan Facility
[pic]
(Hong Kong, 6 October 2005) Hong Kong container terminal operator Modern Terminals Limited today signed a five-year HK$6-billion revolving credit/term loan facility with 14 leading banks. The loan facility will repay outstanding advances under the existing HK$2.6-billion revolving credit/term loan facility signed in September 2002, and finance the company’s general working capital requirements.
The banks participating in the loan facility are:
|Mandated Lead Arrangers and | |ABN AMRO |
|Bookrunners: | |Bank of China (Hong Kong) Limited |
| | |Calyon |
| | |Citigroup |
| | |DBS Bank Ltd |
| | |HSBC |
| | |Mizuho Corporate Bank, Ltd. |
| | |Standard Chartered Bank (Hong Kong) Limited |
| | |UFJ Bank Limited, Hong Kong Branch |
|Lead Arrangers: | |Bank of America, N.A. |
| | |The Bank of Tokyo-Mitsubishi, Ltd. |
| | |BNP Paribas Hong Kong Branch |
| | |Société Générale, Hong Kong Branch |
| | |Sumitomo Mitsui Banking Corporation |
|Facility Agent: | |HSBC |
The loan facility was oversubscribed by 1.8 times.
“We are pleased with the positive response and success of this deal,” commented Mr Sean Kelly, Modern Terminals’ Managing Director.
“Besides comprehensively upgrading our existing terminals at Kwai Chung, we have become involved in several important new terminal developments on the Mainland. The signing of the new financial arrangement will play an important role in helping us to realize our exciting plans for the future, which will further extend and strengthen our position in the container port industry in China.” Mr Kelly added.
- END -
About Modern Terminals Limited
Modern Terminals, a subsidiary of The Wharf (Holdings) Limited, has been continuously aiming for service excellence ever since it opened Hong Kong's first purpose-built container terminal in September 1972. In 2000, it established ModernPorts, Hong Kong's first one-stop e-business portal providing a wide range of port-related services for the shipping community. In February 2003, it jointly established OnePort Limited with other terminal operators to improve the efficiency of business processes in the Hong Kong Port through an open, secure and neutral platform for exchanging electronic information. In 2002, Modern Terminals launched the PRD Inland Gate, a unique network of dedicated daily feeder services that provide a faster, more efficient, cost-effective and reliable means of moving containers between Hong Kong Container Port and major manufacturing centres in the Pearl River Delta. Apart from optimizing its core business in Hong Kong Port, Modern Terminals has also been actively expanding into China in recent years. For more information, please visit .
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- 中国证券监督管理委员会
- modern terminals corporate letterhead wharf holdings
- bank of china hong kong
- d one stop portal of the hong kong sar government
- the hong kong institute of chartered secretaries
- to hong kong academy of medicine
- annex hong kong monetary authority
- status report consultation papers the hong kong
- summary of issues raised in consultation
Related searches
- blackrock holdings llc
- modern problems modern solutions
- modern problems require modern solutions
- us navy letterhead template
- navy letterhead format
- boston marriott long wharf boston
- microsoft word letterhead template free
- free business letterhead templates printable
- greyhound bus terminals near me
- modern problems require modern solutions meme
- free letterhead templates printable
- us forest service letterhead template