debt
confidence high
sentiment neutral
materiality 0.50
Zai Lab secures RMB300M ($42.1M) revolving credit facility from Industrial Bank for working capital
Zai Lab Ltd
- Guarantee and credit line contract with Industrial Bank for up to RMB300M (~$42.1M) to Zai Lab Shanghai.
- Facility available until May 5, 2026; each loan expected one-year term.
- No loans drawn to date; facility for working capital in mainland China.
- Contains customary covenants including prior consent for certain transactions.