The term loan facility is intended to be used to refinance the $100 million unsecured medium-term notes maturing June 2025, and Starhill Global REIT’s unsecured term loans in September 2025 ahead of their maturities in 2026 and 2027.
They will also be used for working capital requirements and or general corporate funding purposes.
The revolving credit facility will be used for working capital requirements and general corporate funding purposes of the REIT, of which the committed portion will replace the existing $200 million committed revolving credit facilities expiring on Feb 16, 2026.
The REIT says that following the refinancing, the above transaction is not expected to have any material impact on its gearing.
See also: SGX gives approval-in-principle to FHT to delist
Units in Starhill Global REIT closed 0.5 cents higher or 1% up at 50.5 cents on March 21.
