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Press Release -- August 22nd, 2013
Source: Huawei

Huawei Tech. Investment Co., Limited secures USD1.5 billion equivalent 5-year term loan, revolving credit facilities from international financial institutions

[Shenzhen, China, August 22, 2013]: Huawei Tech. Investment Co., Limited (the “Company”), a wholly-owned subsidiary of Huawei Technologies Co. Ltd., (“Huawei”), today announced the successful signing of USD1.5 billion equivalent 5-year term loan and revolving credit facilities (the “Facilities”). Huawei is a leading global information and communications technology solutions provider and the Facilities are guaranteed by Huawei International Pte. Ltd. (“Huawei International”), another wholly-owned subsidiary of Huawei.

The Dual-currency Facilities comprise a USD750 million equivalent term loan, and a USD750 million equivalent revolving credit facility, which are available in both USD and EUR with the EUR tranche capped at EUR300 million. Proceeds of the Facilities will be used to finance the general corporate purposes of the Company and / or to refinance the existing indebtedness of the Company and Huawei International. The Facilities marks the first time that the Company has raised a dual currency syndicated facility in line with its significantly growing global presence and, in particular, its strategic expansion plan in Europe.

“Huawei continuously strives to create diverse financing channels to maintain our financial flexibility, and this Facility will boost our efforts to accelerate business development and build on our global presence so that we can continue to create value for our customers around the world,” said Ms. Cathy Meng, Chief Financial Officer of Huawei, “This is the largest amount of overseas loan and credit facilities Huawei has raised to date. We are pleased by the strong support received from leading international banks as this highlights the trust and confidence that the financial community has in Huawei’s sustainable growth and globalization strategy.”

The Facilities were fully underwritten and arranged by the Mandated Lead Arrangers and Bookrunners, including Australia and New Zealand Banking Group Limited, Citigroup Global Markets Asia Limited, Citibank, N.A., Hong Kong Branch and/or any affiliate thereof (together, “Citi”), DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank (Hong Kong) Limited and Sumitomo Mitsui Banking Corporation.

The Bank of Tokyo-Mitsubishi UFJ, Ltd., Hong Kong Branch, The Royal Bank of Scotland plc, Hong Kong Branch, BBVA S.A., Malayan Banking Berhad, Mizuho Bank, Ltd., National Australia Bank Limited, ING Bank N.V. and Oversea-Chinese Banking Corporation Ltd. joined the transaction as Mandated Lead Arrangers. Mega International Commercial Bank Co., Ltd., Offshore Banking Branch and DNB Bank ASA joined as Lead Arrangers, and CTBC Bank Co., LTD., Fubon Financial Holding Co., Ltd., United Overseas Bank Limited and Westpac Banking Corporation joined as Arrangers.

Citicorp International Limited acted as Facility Agent for the Facilities.

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