New World Misses Target Date for $2 Billion Loan, Talks Ongoing

New World Misses Target Date for $2 Billion Loan, Talks Ongoing

New World Development Co. missed a self-imposed target to complete an up to HK$15.6 billion ($2 billion) loan led by Deutsche Bank AG, according to people familiar with the matter, as challenges persist even after the distressed developer closed a major refinancing deal last month.

Hong Kong - Simon Reid-Kay & Associates Provides Strategic Counsel In Historic HK$88.2 Billion New World Development Refinancing. - Conventus Law

Simon Reid-Kay & Associates (SRKA) is pleased to announce that it served as Hong Kong real estate counsel to the syndicate of banks in the landmark HK$88.2 billion (USD11.3 billion) financing transaction for New World Development Company Limited. This significant undertaking, involving the refinancing and alignment of existing bank financings, positions the New World Development group to optimise its ongoing business and financial needs.  The tr…