Sasseur unit secures $117m onshore facility agreement for loan refinancing

The five-year loan refinances part of the REIT’s secured onshore borrowings.

Chongqing Sasseur Suge Apparel Joint Stock Co., Ltd and Sasseur (Chongqing) Business Co., Ltd — a wholly owned subsidiary of Sasseur Real Estate Investment Trust—secured a five-year onshore facility agreement valued at $117.0m (RMB639m) on 10 February 2026.

Proceeds will be used to refinance secured loans due in March 2028, according to an SGX filing.

A mandatory prepayment event will occur if the subsidiaries lose their 100% interest in the outlet assets. Prepayment will also be required if the sponsor, Sasseur Cayman Holding Limited, loses control of the borrowers.

In the event of a breach, the lender may cancel the facilities and demand repayment of principal, interest, and break costs, totalling $117.0m (RMB639m) excluding interest. No breaches existed as at the date of the announcement.

(RMB1 = SG$0.18)

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