Reuters logo
BRIEF-Sohu.Com enters into a credit agreement with China's ICBC
September 7, 2017 / 4:26 PM / 4 months ago

BRIEF-Sohu.Com enters into a credit agreement with China's ICBC

Sept 7 (Reuters) - Sohu.Com Inc:

* On September 7, 2017, registrant entered into a credit agreement with Industrial and Commercial Bank of China Limited - SEC Filing

* Pursuant to ICBC credit agreement registrant is entitled to borrow from ICBC up to an aggregate of RMB800 million (or about US$123 million)

* On September 1, 2017 registrant and Ping An Bank entered into an amendment to original PAB credit agreements

* Last drawdown of the ICBC loan to be made no later than March 31, 2018

* ‍Initial annual interest rate applicable to initial drawdown is expected to be approximately 5.5 percent​

* ‍Entered into credit agreement with ICBC limited pursuant to which co is entitled to borrow up to an aggregate of RMB 800 million ​

* Pursuant to PAB credit agreement, maximum amount registrant to borrow under original credit agreements reduced from RMB2.5 billion to RMB600 million Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below