Summary by Moomoo AI
New Dreams International Development Limited announced that the maturity date of the HK$14,850,000,000 revolving credit financing of its listed subsidiary, New Life Boa Entertainment Limited, has been extended from 29 April 2025 to 29 April 2027. The credit financing was initially established on 29 April 2020 and revised and restated on 29 June 2023, adding the guaranteed overnight financing term rate as the base rate. The decision to extend the maturity date was made pursuant to the Second Revised and Reclassified Financing Agreement dated 8 April 2024, with key terms including financing size, pricing and financial covenants remaining unchanged. MCO Nominee One, as the Borrower, agrees to pay a regular fee to the Consenting Lender. The US pre-registered shares of Novo Boa Entertainment are listed on Nasdaq Global Select Markets in the US.