H&H INTLHLDG(01112.HK): Syndicated Refinancing Credit Agreement of Approximately USD330 Million Signed for Repayment of Existing
NewTimeSpace News: Health and Happiness (H&H) International Holdings Limited (01112.HK) released an announcement on 5 August 2026. The Company and its wholly‑owned subsidiary Biostime Healthy Australia Investment Pty Ltd have entered into a syndicated financing agreement with The Hongkong and Shanghai Banking Corporation Limited, acting as agent and security agent. The agreement grants total refinancing credit facilities of approximately USD330 million, consisting of a USD320 million term‑loan facility and a USD10 million revolving‑credit facility.
The term‑loan facility shall be applied to fully repay or prepay the Group’s existing offshore RMB term‑loan and outstanding indebtedness under existing syndicated financing arrangements, as well as to cover related fees and for general corporate purposes. The revolving facility is available for the Group’s general corporate purposes and working‑capital requirements.
Both the term‑loan facility and revolving facility have an initial tenor of 36 months from the date of first drawdown, and may be extended for an additional 24 months subject to the consent of relevant lenders, resulting in an extended total tenor of 60 months. Availability of the refinancing credit facilities is subject to certain precedent conditions, including completion of relevant registration with the National Development and Reform Commission.
Pursuant to the terms of the agreement, the facilities shall become immediately due and payable should Mr. Luo Fei and his family members cease to beneficially hold the largest percentage of the Company’s issued voting share capital.
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