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Frasers Centrepoint Trust uses $405 mil from private placement proceeds to pay revolving credit facilities, repay secured bank loan

Felicia Tan
Felicia Tan10/7/2020 05:59 PM GMT+08  • 1 min read
Frasers Centrepoint Trust uses $405 mil from private placement proceeds to pay revolving credit facilities, repay secured bank loan
The balance of the gross proceeds has also been used to pay the professional and other fees incurred for the private placement.
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Following the issuing of 244,681,000 private placement units in Frasers Centrepoint Trust (FCT), which raised gross proceeds of some $575.0 million, FCT’s manager announced on Oct 7 that it will be using some $405 million for its credit facilities and bank loans.


See: Frasers Centrepoint Trust raises $575 mil in private placement following announcement

About $325.0 million from the gross proceeds will be used for FCT’s revolving credit facilities, pending the deployment of the proceeds of the equity fund raising to fund the ARF purchase acquisition.

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