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Home / News / Reits

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

REITs

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

Felicia Tan Published on Wed, Oct 07, 2020 / 5:59 PM GMT+8

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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.

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