| FOR IMMEDIATE RELEASE | 7th August, 2006 |
Hong Kong, 7 August, 2006 - Swire Pacific Limited is pleased to announce that its wholly-owned subsidiary Swire Finance Limited has signed a HK$3,500 million 5-year revolving credit facility (the "Facility") with a group of eight international and local banks. The size of the Facility was increased from the original HK$3,000 million following a strong response and over-subscription during syndication.
Standard Chartered Bank (Hong Kong) Limited, DBS Bank Ltd, Fortis Bank S.A./N.V., Hong Kong Branch, Westpac Banking Corporation, ING Wholesale Banking and Sumitomo Mitsui Banking Corporation are the Mandated Coordinating Arrangers and Bank of China, Tokyo Branch and BBVA, Hong Kong Branch are the Arrangers of the Facility.
The proceeds of the Facility will be used to finance general corporate funding requirements of Swire Pacific Limited and its group companies including refinancing outstanding indebtedness. The facility has a final maturity of five years and carries an interest rate of HIBOR plus 0.20% per annum.
Swire Pacific Limited is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company's operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years.
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