ESR REIT bags $155m unsecured loan facility

Australia and New Zealand Banking Group, CTBC Bank, and Standard Chartered acted as lenders.

ESR REIT has secured a $155m unsecured loan facility agreement which consists of a $75m term loan facility and a $80m term loan facility, it said in an announcement.

Proceeds will go to the refinancing of existing indebtedness, funding further asset acquisitions, enhancements and improvement of assets owned by ESR-REIT or any of its subsidiaries, and other general working capital purposes.

The facilities will mature on 4 March 2019.

Australia and New Zealand Banking Group Limited, Singapore branch; CTBC Bank Co., Ltd., acting through its Singapore branch; and Standard Chartered Bank, Singapore branch, acted as lenders. Australia and New Zealand Banking Group Limited acted as as the facility agent.