ESR-REIT (J91U) said on Mar, 19 2026 that its trustee, Perpetual (Asia) Limited, has entered into a 300 million Singapore dollar sustainability-linked unsecured term loan and revolving credit facilities agreement with DBS Bank and Oversea-Chinese Banking Corporation.
The package comprises a 150 million Singapore dollar term loan and a 150 million Singapore dollar revolving credit facility, with DBS and OCBC acting as mandated lead arrangers and lenders. OCBC also serves as facility agent and sustainability coordinator.
Facility A, the term loan, matures 60 months after its first drawdown, while Facility B, the revolving credit line, matures 24 months after its initial utilisation. Both facilities are unsecured.
Proceeds will be used for general corporate funding, including refinancing existing debt, financing asset acquisitions and enhancements, working-capital needs, and payment of related fees and expenses.
The agreement contains change-of-control provisions that allow lenders to cancel the commitments and demand immediate repayment of up to 300 million Singapore dollars if ESR Group’s ownership in the manager falls below 50.1 per cent or if the manager is replaced without lenders’ prior consent.