On Jan 29, ESR-REIT’s manager announced it had signed a commitment letter for $320.0 million new loan facilities on an unsecured basis, with The Hongkong and Shanghai Banking Corporation, Malayan Banking, RHB Bank and United Overseas Bank Limited. The new loan facilities, comprising a $160.0 million five-year term loan facility and a $160.0 million four-year revolving credit facility, are intended to be used to refinance the $31.0 million and $160.0 million loans due in June 2021 and October 2021, respectively.

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