Huawei Secures $1.5 Billion Equivalent 5-year Term Loan
Huawei says that it has signed US$1.5 billion worth of equivalent 5-year term loan and revolving credit facilities. The dual-currency facilities comprise a US$750 million equivalent term loan, and a US$750 million equivalent revolving credit facility, which are available in both USD and EUR with the EUR tranche capped at EUR300 million. The company said that the proceeds of the facilities will be used to finance its general corporate purposes and / or to refinance existing indebtedness. The Facilities marks the first time that the Company has raised a dual currency syndicated facility in line with its growing global presence and, in particular, its strategic expansion plan in Europe.