As at June 27, some 2.32 trillion rupiah under the facility had been drawndown and used to prepay the trust’s Singapore dollar (SGD)-denominated secured bank loans on June 7.
Lippo Malls Indonesia Retail Trust (LMIRT) has upsized its term loan facility limit to 4.5 trillion rupiah ($371.8 million) from 2.5 trillion rupiah previously.
The REIT had already secured amortizing term loan facilities of up to 2.5 trillion rupiah, which was granted under a facility agreement dated May 28. The facility has an average life of about eight years.
