Far East Horizon Limited (HK:3360) has released an update.
Far East Horizon Limited has successfully entered into a Subscription Agreement for a $550 million drawdown under its Medium Term Note and Perpetual Securities Programme, set to issue on September 5, 2024. These notes, exempt from US registration requirements, are aimed at professional investors and are anticipated to be rated BBB- by S&P. The company plans to utilize the proceeds for general corporate purposes and working capital, with the potential of channeling funds to its PRC subsidiaries.
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