The transaction is not expected to have a material impact on the gearing of Starhill Global REIT following the refinancing.
Units in Starhill Global REIT closed flat at 54 cents on Feb 17.
The manager of Starhill Global REIT has entered into a facility agreement with an unnamed bank for a five-and-a-half-year unsecured term loan facility of $75 million.
The facility will be used to refinance part of the existing $125 million unsecured medium-term notes guaranteed by the trustee of the REIT upon its maturity in May 2023.
