BeiGene (HKG:6160, SHA:688235) entered into a $400 million facility agreement with China Merchants Bank (HKG:3968, SHA:600036) on Tuesday, a same-day filing with the Hong Kong Exchange said.
The facility agreement will provide the company with an uncommitted and unsecured credit facility where each loan will have a term of up to one whole year while the overall term for the total loan is set at 18 months from the signing date.
The company plans to use the borrowing for refinancing its working capital loans with other banks and for the group's daily operations.
The company entered a similar facility agreement with the bank in 2023. The agreement will terminate in January 2025. Out of the $400 million facility, $380 million was withdrawn by the company, which plans to pay back $300 million this month, the filing said.
The $80 million remaining from the previous facility agreement will be counted toward the availability under the new facility agreement.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。