KHD grants € 50 million intercompany loan

Cologne, Germany, September 29, 2017 – KHD Humboldt Wedag International AG (KHD) has reached an agreement on granting an additional € 50 million loan to AVIC International Kairong Limited, Hong Kong, as the borrower. This loan will run from November 13, 2017 and will replace a loan that has been granted to AVIC International (HK) Group Ltd., Hong Kong, which will become due for repayment on November 13, 2017.

The loan is secured by a corporate guarantee from AVIC and bears interest at a rate of 5.7% p.a. The term of the loan agreement is three years and it is due for repayment on November 13, 2020.