14-04-2025
Gaw Capital's Hong Kong Towers Loan Gets Extended by a Month
Hong Kong-based investment firm Gaw Capital Partners ' syndicated loan backing two office towers has been extended by a month, according to people familiar with the matter, as talks with banks on a refinancing proposal continue.
All banks have agreed to extend the maturity of a HK$10.3 billion ($1.3 billion) loan due early April to May 9, said the people, who asked not to be identified discussing private matters. BNP Paribas SA, Hang Seng Bank Ltd., Standard Chartered Plc and United Overseas Bank Ltd. are among the largest lenders of the borrowing, which backs Cityplaza Three and Cityplaza Four, both located in Hong Kong's eastern Taikoo area.
