On 30 December 2016, CIFI Holdings (Group) Co. Ltd. as borrower, and certain offshore subsidiaries of the company as original guarantors, entered into the Facility Agreement with a group of financial institutions as lenders. The term loan facilities granted under the Facility Agreement have an aggregate initial amount of approximately $530 million (with a greenshoe option of an additional $600 million). The initial term loan facilities have the following tranches: (i) RMB term loan facilities with an aggregate amount of RMB 1,980 million (equivalent to approximately $284 million) with final maturity of 36 months after the first utilization date of the RMB Tranche; and (ii) HK dollar/US dollar term loan facilities with an aggregate amount equivalent to approximately $246 million with final maturity of 48 months after the first utilization date of the HKD/USD Tranche. Both the RMB Tranche and the HKD/USD Tranche have an utilization period of 6 months from the date of the Facility Agreement.