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ESR-REIT ( (SG:J91U) ) has provided an update.
ESR-REIT has entered into a SGD 160 million sustainability-linked unsecured term loan and revolving credit facility agreement. This financial arrangement, facilitated by Australia and New Zealand Banking Group Limited and Oversea-Chinese Banking Corporation Limited, will support ESR-REIT’s corporate funding needs, including refinancing existing debt, asset acquisitions, and general working capital. The move is expected to strengthen ESR-REIT’s financial flexibility and sustainability efforts, potentially enhancing its market position and stakeholder value.
More about ESR-REIT
ESR-REIT is a real estate investment trust based in Singapore, focusing on industrial properties. The company manages a diversified portfolio of properties and is involved in acquiring, managing, and enhancing industrial assets.
YTD Price Performance: -24.74%
Average Trading Volume: 32,597
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5B
Find detailed analytics on J91U stock on TipRanks’ Stock Analysis page.
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