Far East H-Reit inks $157.15m sustainability-linked loan deals

The loan facility was obtained through its trustee, DBS Trustee Limited.

Far East H-Reit trustee DBS Trustee Limited has entered into sustainability-linked facility agreements with institutional banks, totalling $157.15m.

Under the terms and conditions of the agreements, the lender may, inter alia, require the borrower to repay all amounts due.

Assuming the change of control event occurs and would cause a cross-default under other borrowings of Far East H-REIT, the level of facility that may be affected is approximately $716.4m.

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