ESR-REIT Secures SG$20 Million Facility for Standby Letters of Credit

MT Newswires

2025/02/28

ESR-REIT Management, manager of ESR-LOGOS REIT (SGX:J91U), said trustee Perpetual (Asia) Ltd. has entered into a facility agreement with Australia and New Zealand Banking Group's Singapore branch for standby letters of credit and demand guarantees of up to SG$20 million, according to a Thursday filing on the Singapore Exchange.

The facility, which will be used for general corporate and working capital needs, carries a two-year tenor for each instrument and is unsecured. An event of default may be triggered if ESR Group ceases to hold at least 50.1% of the manager's issued share capital or if the manager is removed without lender consent.

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An event of default may be triggered if ESR Group ceases to hold at least 50.1% of the manager's issued share capital or if the manager is removed without lender consent.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6133","symbol_name":"工业房地产信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2514359127","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514359127","pubTimestamp":1740695843,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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