---
title: "Skyline Builders enters convertible loan deal with Cove Kaz for up to $45 million facility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290041381.md"
description: "Skyline Builders Group entered a convertible loan agreement with Cove Kaz Capital Group on June 2, 2026, replacing an April loan. The facility totals up to USD 45 million, comprising a USD 23.1 million advance and USD 21.9 million available. Borrowings accrue simple interest at 10% annually. A June 9 amendment established a minimum USD 50 million closing cash condition."
datetime: "2026-06-17T11:03:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290041381.md)
  - [en](https://longbridge.com/en/news/290041381.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290041381.md)
generator: "portal-rs"
---

# Skyline Builders enters convertible loan deal with Cove Kaz for up to $45 million facility

-   Skyline Builders Group entered a convertible loan agreement with Cove Kaz Capital Group on June 2, 2026, replacing an April 21 loan. \* The facility totals up to USD 45 million, including a USD 23.1 million advance funded on April 22; USD 21.9 million remains available. \* Borrowings accrue simple interest at 10% per year from each draw date until repayment. \* A June 9 amendment to a related transaction agreement set a minimum USD 50 million closing cash condition, net of loans to Kaz entities. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skyline Builders Group Holding Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-069429), on June 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**