Lippo Malls Indonesia Retail Trust obtains unsecured loan facilities of up to S$350m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
LIPPO Malls Indonesia Retail Trust has obtained unsecured term loan facilities of up to S$350 million, with an option to expand this by a further S$70 million through a greenshoe option.
The two separate loans of S$175 million each will be used for the acquisition of certain properties, the refinancing of the trust's existing debt obligations and other purposes that the trustee and its lenders may agree on.
The first loan has a tenor of 48 months, while the second lasts for 60 months.
The first drawdown of the facility is expected to occur on Aug 26.
The mandated lead arrangers and bookrunners for the facilities are BNP Paribas, CIMB Bank and JP Morgan Chase, while the Bank of East India and CTBC Bank were mandated lead arrangers.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
