FCT secures $400m green term loan, revolving credit facility
The prepayment clause applies if Frasers management or shareholding conditions change.
Frasers Centrepoint Trust (FCT) has entered into a $400m green term loan and revolving credit facility agreement in compliance with Rule 704(31) of the SGX-ST Listing Manual on 7 January 2026.
Trustees of FCT, including HSBC Institutional Trust Services Singapore Limited, had undertaken the facility along with Causeway Point Property LLP and Northpoint City NW LLP, with DBS Bank, Oversea-Chinese Banking Corporation Limited (OCBC), and Maybank Singapore as lenders.
OCBC also acted as green loan coordinator and facility agent.
The loan has a mandatory prepayment clause in the event that Frasers Centrepoint Asset Management Ltd. ceases to be the manager of FCT without an approved replacement or if the managerial shareholdings of Frasers Property Limited decreases below 51%, unless lender consent is obtained.
The announcement noted that none of the triggering events have occurred as of today.
Should such an event occur and result in cross-defaults, approximately $2.68b of FCT’s other borrowings could potentially be affected, excluding undrawn facilities and future debt issuances under FCT’s existing medium-term note and debt issuance programmes.