Starhill Global Reit obtains S$50 million sustainability-linked loan
The transaction is not expected to have a material impact on the Reit’s gearing
STARHILL Global Reit’s manager announced on Friday (Aug 23) that the real estate investment trust (Reit) has obtained a S$50 million loan from UOB.
The Reit’s trustee entered into an agreement with the bank for a five-year unsecured sustainability-linked revolving credit facility. It will be available for drawing from Dec 31, 2024.
In a bourse filing, the Reit’s manager said that the loan will be used to finance general corporate funding requirements, including capital expenditure to attain green certification for the trust’s portfolio of companies.
It added that the transaction is not expected to have a material impact on the gearing of the Reit.
Units of Starhill Global Reit closed at S$0.49, down 2 per cent or S$0.01 on Friday, before the announcement was made.
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