ESR-REIT enters $200m unsecured loan facility
It comprises a $150m term loan facility and a $50m revolving loan facility.
ESR-REIT has entered into a $200m unsecured loan facility agreement with MUFG Bank and the Singapore branch of Sumitomo Mitsui Banking Corporation, an SGX filing revealed.
The loan facility consists of a $150m term loan facility and a $50m revolving loan facility. Its maturity date is set to be in the next 48 months.
The proceeds of such facilities will be applied towards general corporate funding purposes, including the refinancing of existing debts, funding further asset acquisitions, and enhancements assets owned.