ESR-LOGOS trustee enters $68.5m loan facility

It will mature 48 months from the utilisation date.

RBC Investor Services Trust Singapore, a trustee of ESR-LOGOS REIT, entered a $68.5m (JPY7.1b) unsecured loan facility which will partially fund the equity portion of its acquisition.

In a disclosure, ESR-LOGOS added that the loan facility will also finance other acquisition and/or transaction-related costs and the general working capital purposes of RBC.

MUFG Bank and Sumitomo Mitsui Banking Corporation Singapore Branch will serve as the original lenders. The final maturity date for the loan will be 48 months from the utilisation date.

If the ESR-LOGOS manager, ESR-LOGOS Funds Management, resigns or is removed, or ESR Group ceases to hold at least 50.1% of the issued share capital of the manager, both without prior consent in writing of the majority lenders, Facility Agent Smitomo Mitusui Singapore Branch can review the term of the Facility Agreement.

$1 = JPY103.60

Follow the link for more news on

ESR-REIT

Also Read

COTD: APAC deal volume falls 6.8% amidst economic uncertainties and tensions

Securitisation seen as key for Singapore developers to enhance returns

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit