Lifestyle International Holdings Ltd. in Talks to Refinance Landmark Retail Project Loan

Lifestyle International Holdings Ltd., a Hong Kong mall operator, is currently in talks with banks to refinance a loan that supports a prominent retail project at a mega development in the city’s former airport area. The loan, estimated to be in the range of HK$7 billion to HK$8 billion ($895 million to $1 billion), is undergoing negotiations, with details still being finalized and subject to potential changes. This refinancing initiative pertains to a two-year syndicated facility of HK$6.95 billion that was signed in June 2022 for Lifestyle’s project in Kai Tak, an area situated against Victoria Harbour. It is part of several other developments, including a sports park. The company’s refinance discussions signal significant financial activities in the corporate sector and underscore the ongoing expansion and infrastructure development in Hong Kong.