INTRON TECH: Entered into a financing agreement
INTRON TECH announced that it has signed a financing agreement with HANG SENG BANK and other lenders, with a total borrowing amount of USD 90 million, which can be increased to a maximum of USD 120 million. The financing term is 36 months, aimed at refinancing the existing syndicated loan announced on February 14, 2023, and meeting the group's working capital needs
According to the announcement from INTRON TECH (01760), on August 22, 2025, the company (as the borrower) and its direct wholly-owned subsidiary INTRON TECH (China) Co., Ltd. (as the guarantor) entered into a financing agreement with a syndicate of lenders led by HANG SENG BANK (as the agent, appointed lead arranger, and bookrunner) and other lenders (collectively referred to as the "Lenders") to obtain a principal amount of USD 90 million, with an option to increase the total principal amount to a maximum of USD 120 million through a flexible increase option.
The final repayment date for the financing is 36 months from the date of the first drawdown. The purpose of the financing is to refinance the existing syndicated loan disclosed in the company's announcement on February 14, 2023, prior to its maturity in March 2026, and to provide funding for the group's general working capital needs
