ESR-LOGOS REIT secures $200m sustainability-linked loan

This is the company’s first sustainability-linked facility.

ESR-LOGOS REIT, through its trustee Perpetual (Asia) Limited, entered a $200m sustainability-linked loan from various banks which will be used for general corporate funding.

In a disclosure, the company said the sustainability-linked unsecured revolving credit facility will be used for refinancing existing indebtedness, funding asset acquisitions, enhancement, and improvements of group member-owned assets, general working capital purposes, and payment fees related to the facility and other transaction-related costs.

ALSO READ: ESR-LOGOS REIT secures 20-year master lease for 3 Tuas South Ave 4

The Loan has a final maturity date of 24 months from the first use date.

The original lenders are CIMB Bank Berhad, Singapore Branch, Malayan Banking Berhad, Singapore Branch, RHB Bank Berhad, Sumitomo Mitsui Banking Corporation, Singapore Branch, and Hongkong and Shanghai Banking Corporation, Singapore Branch.