China XD Plastics' unit enters into loan facility
30 August 2016
China XD Plastics announces that subsidiary Xinda Holding (HK) Company Limited enters into loan facility.
Loan facility of $180 million with a consortium of banks and financial institutions led by Standard Chartered Bank (Hong Kong) Limited.
Proceeds of facility primarily to previously approved redemption of a certain US$150 million 11.75% guaranteed senior notes due 2019.
Source : reuters.com