Frasers Logistics and Industrial Trust bags $161.8m of loan facilities

DBS, OCBC and UOB will be the firm’s original lenders.

Frasers Logistics and Industrial Trust’s (FLT) has secured $161.8m (A$170m) in loan facilities, an SGX filing revealed.

The firm has appointed its trustee Perpetual (Asia) Limited as its borrower and DBS, OCBC and UOB as its original lenders. OCBC will also act as its green loan coordinator, whilst DBS will be its facility agent.

FLT has been making recent divestments of its warehouses. The latest was 610 Heatherton Road, Clayton South, Victoria, which was sold to plumbing company Mack Bros Enterprises for $14.2m (A$15m).

Also read: Can Frasers Logistics & Industrial Trust weather the tumbling Australian dollar?

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