Fosun International Successfully Refinanced USD 870 Million Offshore Syndicated Loan

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Fosun International (FOSUY) has successfully refinanced a USD 870 million equivalent syndicated loan due March 28, 2025. The refinancing includes a new USD 675 million three-year sustainability-linked syndicated loan, jointly led by major Chinese and international banks.

The new loan, representing the largest syndicated loan for a Chinese private enterprise this year, was led by Bank of China, China Construction Bank, Bank of Communications, BNP Paribas, Commerzbank, HSBC, MUFG, and Standard Chartered. The deal includes a greenshoe option for additional bank participation.

Additionally, Fosun High Technology, a wholly-owned subsidiary, secured a RMB 1.23 billion three-year syndicated loan in China. The company also successfully resumed USD bond issuances in November 2024 and January 2025, demonstrating its progress in diversifying financing channels.

HONG KONG, March 28, 2025 /PRNewswire/ -- Fosun International (HKEX stock code: 00656, hereinafter referred to as "Fosun International", "Fosun", or the "Company") has successfully completed the refinancing of a USD 870 million equivalent syndicated loan due on March 28, 2025. Of this amount, USD 675 million equivalent was secured through a newly arranged syndicated loan. Consistent with the Company's past practices, the new syndicated loan includes a greenshoe option, allowing additional banks to participate.

Fosun has maintained long-term, close partnerships with leading banks worldwide while continuously expanding its financing channels. Recently, the Company signed strategic cooperation agreements with China Minsheng Bank and Natixis.

The newly arranged USD 675 million equivalent three-year sustainability-linked syndicated loan was jointly led by major Chinese banks, including Bank of China, China Construction Bank (Macau), China Construction Bank (Shanghai), and Bank of Communications, as well as international banks such as BNP Paribas, Commerzbank, HSBC, MUFG, and Standard Chartered. This syndicated loan represents the largest of its kind for a Chinese private enterprise so far this year, demonstrating strong recognition from leading international banks for Fosun's strategic development in recent years. Additionally, Fosun successfully resumed bond issuances in the USD bond market in November 2024 and January 2025, reflecting the Company's progress in diversifying its financing channels.

Fosun High Technology, a wholly-owned subsidiary of Fosun International, recently obtained a senior unsecured RMB 1.23 billion three-year syndicated loan in China, further underscoring Fosun's diversified financing capabilities and market confidence in its credit profile.

Fosun remains committed to its core business strategy of steady growth, optimizing debt structure, and strengthening liquidity management. Moving forward, the Company will continue to focus on serving family customers worldwide, and creating value through its core businesses.

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SOURCE Fosun

FAQ

What is the size and structure of Fosun International's (FOSUY) new refinancing deal in March 2025?

Fosun refinanced USD 870 million, with USD 675 million coming from a new three-year sustainability-linked syndicated loan, led by major Chinese and international banks.

Which major banks participated in FOSUY's March 2025 syndicated loan?

The loan was jointly led by Bank of China, China Construction Bank, Bank of Communications, BNP Paribas, Commerzbank, HSBC, MUFG, and Standard Chartered.

How much additional financing did Fosun High Technology secure in China?

Fosun High Technology secured a RMB 1.23 billion three-year senior unsecured syndicated loan in China.

What recent bond market activities has FOSUY undertaken in 2024-2025?

Fosun successfully resumed bond issuances in the USD bond market in November 2024 and January 2025.

What special feature does FOSUY's new syndicated loan include for additional participation?

The new syndicated loan includes a greenshoe option that allows additional banks to participate in the financing.