Singapore Developer Hong Fok Amends Loan Facility

(Corrects Dec. 30 story to show that amendments were made to the terms of an existing loan.)

Hong Fok Corporation Ltd., a Singapore-based developer, amended terms of a S$723 million loan organized in 2007, according to a Singapore stock exchange filing.

The company at the end of 2011 signed an agreement to reduce the total loan facility to S$600 million and extend the maturity until the third quarter of 2014, according to today’s filing.

As of Sept. 30, the amount outstanding under the original S$723 million facility was S$467.3 million, the company said.

To contact the reporter on this story: Katrina Nicholas in Singapore at knicholas2@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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