Press

2011-11-17

Acer Signs Agreement for NT$15B (US$500M) in Syndicated Loan with Bank Group


TAIPEI

Acer has signed a Syndicated Loan Agreement of NT$15B (US$500M) with a bank group including Citibank Taiwan, Taipei Fubon and Bank of Taiwan.

The loan will be used to repay a previous syndicated loan arranged by Citibank in 2007, and will enhance the mid-to-long term operating capital of Acer.

Managed by Citibank Taiwan, the latest syndicated loan agreement was reached and signed by a total of twelve banks to facilitate Acer for five years.

Note: The exchange rate was US$1: NT$30.