OUE Reit secures S$100 million unsecured loan facility
Proceeds will be used for capital expenditure, working capital and general funding purposes
OUE Real Estate Investment Trust (OUE Reit) has entered into a S$100 million unsecured loan facility agreement, said the Reit’s manager in a bourse filing on Friday (Dec 12).
The loan will be used to finance capital expenditure, working capital needs, and general corporate funding purposes. It may also be used to refinance the Reit’s other existing unsecured loan facilities, as well as covering the fees and expenses associated with obtaining the facility.
The manager did not elaborate on the maturity date or other details of the facility.
Units of OUE Reit closed flat at S$0.35 on Friday, before the news.
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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