Home News Company in the news

Starhill Global REIT enters into A$100 mil unsecured term loan facility

Felicia Tan
Felicia Tan4/6/2021 06:27 PM GMT+08  • 1 min read
Starhill Global REIT enters into A$100 mil unsecured term loan facility
The utilisations are expected to take place between May and June.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Starhill Global REIT announced on April 6 that it has entered into a five-and-a-half-year unsecured facility agreement with two banks for a term loan facility of A$100 million ($102.5 million).

The facility will be used to fully refinance the remaining A$180 million term loan secured against Myer Centre Adelaide ahead of its maturity in November 2021. It will also go towards working capital requirements and, or general corporate funding purposes of Starhill Global REIT including debt repayments, asset enhancement works, capital expenditure, as well as acquisitions.

SEE:Lendlease Global Commercial REIT remains DBS's top pick among REITs in Orchard Road

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now