Langham closes HK$7.5bn sustainability-linked loan

Green finance banking figures planning report from Adobe 230x150
By Pan Yue
11 Dec 2019

Langham Hospitality Investments has closed a HK$7.5bn ($958m) sustainability-linked deal with 11 lenders, marking the first loan of its kind from the hospitality sector in Asia.

The four year borrowing was split into a HK$6.8bn term loan and a HK$700m revolving credit facility. The proceeds will be used to refinance a HK$7.2bn four year loan sealed in 2016.

A total of 11 banks provided the new financing, according to a press release on ...

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