Should the manager cease to be the manager of the REIT, and a replacement manager “reasonably acceptable to the lender” is not appointed on prior to the date of the cessation, or if YTL corporation ceases to own at least 51% of the issued share capital of the manger, Starhill Global REIT will have to repay all amounts owing under the agreement.
Starhill Global REIT has obtained a six-year unsecured sustainability-linked term loan facility of A$100 million ($83.42 million).
This facility will be used to refinance the REIT’s existing debts and or for general corporate funding requirements of the REIT.
