Fosun Secures $500 Million Refinancing Loan Despite Loss Warning

Chinese conglomerate Fosun International Ltd. has secured a refinancing loan package of around $500 million despite recently warning that its preliminary annual loss could widen by as much as fivefold.

HSBC Holdings Plc, JPMorgan Chase & Co. and Natixis are among the dozen foreign lenders participating in the three-year facility, according to a document reviewed by Bloomberg News. Several banks from the previous lending group have not joined the latest deal, the document shows, though talks are ongoing and the loan could be upsized via a greenshoe option later, a person familiar with the matter said.