Hutchison Telecom secures HKD6 billion credit facility

2 Jun 2005

Hutchison Telecommunications International Limited says its domestic mobile arm has secured a HKD6 billion three-year senior secured credit facility with a group of a dozen banks, to repay existing loans and to finance capital expenditure projects and fund its general operating needs. The refinancing deal is reported to be the first such undertaking made with a Hutchison subsidiary.