Cosco Shipping International has taken out two loans to partially funds its SGD 490m ($365.8m) takeover of Cogent Holdings, announced in November.
Cosco's board of directors said it has entered into an agreement for a three-year term loan facility and a one-year term loan together totaling SGD 350m.
Last month, the company offered SGD 1.02 per share for the fellow Singapore-listed logistics company.
