The proceeds of the loan will also go towards financing other acquisition and, or transaction-related costs as well as the trustee’s general working capital purposes.
The trustee of ESR-LOGOS REIT (E-LOG), RBC Investor Services Trust Singapore Limited, has entered into a 7.1 billion yen ($69.6 million) unsecured loan facility agreement.
According to the REIT manager, the proceeds of the term loan facility will partially finance the equity portion of the REIT's acquisition of ESR Sakura Distribution Centre.
