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NWD Signs Facility Deal w/ Deutsche Bank AG for Max. HKD5.9B Term Loan Facility
NEW WORLD DEV (00017.HK) announced that today (25th), a facility agreement was entered into by, among others, certain members of the group (as borrower and/or obligor) and Deutsche...
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NWD Signs Facility Deal w/ Deutsche Bank AG for Max. HKD5.9B Term Loan Facility
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NEW WORLD DEV (00017.HK)  +0.010 (+0.128%)    Short selling $24.23M; Ratio 20.057%   announced that today (25th), a facility agreement was entered into by, among others, certain members of the group (as borrower and/or obligor) and Deutsche Bank AG (as arranger, original lender, and agent).

Pursuant to the facility agreement, a term loan facility of up to HKD5.9 billion with an initial committed tranche of up to HKD3.95 billion will be made available to certain members of the group for the group's ordinary course financing activities.

Related NewsNEW WORLD DEV Annual Loss Attributable to Shareholders from Continuing Operations Expands to $16.3B
NEW WORLD DEV also revealed that the facility is or will be secured by a first ranking mortgage over the property known as "Victoria Dockside" (which comprises five major components, namely "K11 ARTUS", "K11 ATELIER", "K11 MUSEA", Rosewood Hong Kong, and certain carparks) and assets that are related to Victoria Dockside.

Notwithstanding this, the group retains the ability to use Victoria Dockside as security to obtain other additional financing to support its ongoing business needs.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-26 16:25.)

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