OTHERS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT") - ACCEPTANCE OF AN ADDITIONAL REVOLVING LOAN FACILITY GRANTED BY PUBLIC BANK BERHAD

Company Name SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name SUNREIT
Date Announced 04 Jul 2022
Category General Announcement for PLC
Reference Number GA1-04072022-00052

Type Announcement
Subject OTHERS
Description
SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT") - ACCEPTANCE OF AN ADDITIONAL REVOLVING LOAN FACILITY GRANTED BY PUBLIC BANK BERHAD
The Board of Directors of Sunway REIT Management Sdn Bhd, the management company for SUNREIT, wishes to announce that RHB Trustees Berhad, acting as the Trustee for SUNREIT, had on 4 July 2022 accepted an additional revolving loan facility of up to RM0.25 billion (the “RL 3”) granted by Public Bank Berhad, in view of the near-full utilisation of the limit of the existing revolving loan facilities totalling RM1.75 billion (the “RL 1 and RL 2”). With the RL 3, the total limit of the revolving loan facilities from Public Bank Berhad shall be RM2.0 billion.

The purpose of the RL 3 is the same with the RL 1 and RL 2, which is to partly or fully repay outstanding commercial papers issued by SUNREIT Capital Berhad, a special purpose company wholly-owned by the Trustee on behalf of SUNREIT, under the Commercial Papers Programme of up to the nominal value of RM3.0 billion during the tenor of the RL 3.

This announcement is dated 4 July 2022.





Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment