Sogo’s Future Development pays up for refi

By Pan Yue
13 Apr 2021

An affiliate of department store Sogo Hong Kong has returned to the loan market for a HK$8bn ($1bn) deal to refinance a borrowing from 2016.

Bank of China, Crédit Agricole and Standard Chartered are the mandated lead arrangers and bookrunners for the facility.

The five year deal is split between a HK$5bn term loan and a HK$3bn revolving credit facility, the same structure as its 2016 transaction, said a banker who received ...

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