Frasers Logistics & Commercial Trust Secures AU$65 Million Loan Facility

MT Newswires08-20 09:26

Frasers Logistics & Commercial Trust (SGX:BUOU) has entered into an AU$65 million loan facility with Crédit Industriel et Commercial's Singapore branch, according to a Wednesday filing with the Singapore Exchange.

The loan was facilitated through its trustees and sub-trustees Perpetual (Asia), Athllon Drive Landholding, and PF Management.

The loan is subject to conditions relating to any change in the REIT's manager or a shift in control of the manager by Frasers Property (SGX:TQ5).

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