Hong Kong Mall Operator Lifestyle Seeks Up to $1 Billion Loan

Hong Kong mall operator Lifestyle International Holdings Ltd. is in talks with banks to refinance a loan that backs a landmark retail project at a mega development covering the city’s former airport, according to people familiar with the matter.

The syndicated loan, if signed, would be in the HK$7 billion to HK$8 billion ($895 million to $1 billion) range, the people said, asking not to be identified because the information is private. Details are still under discussion and subject to change. The loan it would refinance is a HK$6.95 billion, two-year syndicated facility signed in June 2022 for Lifestyle’s project in Kai Tak, an area set against Victoria Harbour where other developments include a sports park.