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Cambridge Industrial Trust announces S$100m unsecured loan facility

Thursday, September 15, 2016 - 17:56

CAMBRIDGE Industrial Trust on Thursday said that its trustee has entered into a S$100 million unsecured loan facility agreement with HSBC, consisting of a S$25 million term loan facility and a S$75 million revolving loan facility.

The former will help to refinance the existing facility granted by National Australia Bank (NAB), while the latter will finance the trust's general working capital needs and repay the remaining balance of the NAB facility.

The all-in cost is 2.66 per cent, on floating rate.

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