The facility is the first sustainability-linked facility granted to Starhill Global REIT and will be available for drawing from January next year.
The manager of Starhill Global REIT (SGX:P40U
) has announced that HSBC Institutional Trust Services Singapore, in its capacity as trustee of Starhill Global REIT, has entered into a facility agreement with DBS Bank for a five-year unsecured sustainability-linked multicurrency revolving credit facility of $50 million on Nov 21.
The new agreement will replace its existing revolving credit facility with DBS Bank for the same amount expiring in June 2024.
