Sasseur REIT extends sponsor loan maturity

The agreement extends the maturity of the sponsor loan from March 2025 to March 2030.

Sasseur Asset Management Pte. Ltd., manager of Sasseur Real Estate Investment Trust (Sasseur REIT), announced that it has entered into a supplementary agreement with the wholly-owned subsidiaries of Sasseur Cayman Holding Limited.

The agreement, finalised on 5 December, extends the maturity of the sponsor loan from March 2025 to March 2030. The loan’s interest rate will also change to a floating rate based on China’s 5-year loan prime rate (currently 3.6% per annum).

Other terms of the loan remain unchanged.

The group said the extension reflects the sponsor's continued financial support for Sasseur REIT and is expected to result in cost savings for the trust.

The agreement qualifies as an “interested person transaction." However, since it falls below the 3% and 5% thresholds of the latest audited net tangible assets, no unitholder approval is required, it added.