SINGAPORE (Yosefardi) – LMIRT Management Ltd., as manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) has obtained a S$200 million term loan facility through its wholly-owned subsidiary, LMIRT Capital Pte Ltd (LMIRT Capital).
LMIRT Capital has entered into a facility agreement with, inter alia, BNP Paribas and Standard Chartered Bank, Singapore Branch, under which the lenders will provide a committed loan facility of up to an aggregate amount of S$200 million to LMIRT Capital.
The loan facility will be used to refinancing of existing bonds of LMIRT Capital, existing debt obligations of LMIRT Capital, and working capital and general funding purposes of LMIR Trust and its subsidiaries. The first drawdown of the Facility is expected to occur on 3 July 2015.