Zai Lab secures RMB300M ($41.1M) revolving credit facility from Bank of Communications

Zai Lab Ltd

Guarantee and loan contract signed Jan 2, 2025 with BOCOM for working capital loans to subsidiary Zai Lab Shanghai.
Facility available until Sep 26, 2025; each loan term up to 12 months, maturity no later than Mar 26, 2026.
Interest rate set at one-year LPR minus 35 bps, adjusted quarterly.
Covenants include BOCOM consent for M&A, equity transfers, or debt financing exceeding RMB1.5B (~$205.5M).
No working capital loans drawn under the facility as of filing date.

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