Fidelity China gets $100 million one-year replacement loan facility

By Marisa Wong

Los Angeles, Feb. 22 – Fidelity China Special Situations plc announced it entered into a new loan facility agreement on Feb. 14 with Bank of Nova Scotia, London Branch for $100 million with a termination date of Feb. 13, 2024.

The new agreement replaces the company’s previous $100 million loan facility agreement originally dated Feb. 14, 2020.

Interest for the new loan is fixed at 6.335% per annum.

Loan proceeds will be used for investments.

The investment trust is based in the United Kingdom.

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