Frasers Logistics & Commercial Trust (BUOU) said on Oct, 17 2025 that its trustee, Perpetual (Asia) Limited, has signed a USD 50 million facility agreement with The Hongkong and Shanghai Banking Corporation, Singapore Branch.

Under the terms, a mandatory prepayment event will occur if the trust’s manager resigns or is removed without lender consent and without a Monetary Authority of Singapore-approved replacement, or if Frasers Property Limited ceases to own more than 50 per cent of the manager. In such circumstances, the lender may suspend drawdowns, negotiate amendments for up to 30 days, and, failing agreement, cancel the facility and demand immediate repayment.

The trust added that no such event has occurred to date. If one were to occur and trigger cross-defaults, loan facilities totalling about 2.51 billion Singapore dollars could be affected, excluding undrawn commitments and future debt programmes.