FLCT Secures EUR 100 Million Sustainability-Linked Loan With Change-of-Control Clause

An update from Frasers Logistics & Commercial Trust ( (SG:BUOU) ) is now available.

Frasers Logistics & Commercial Trust has entered into a EUR 100 million sustainability-linked loan facility with ING Bank N.V., Singapore Branch, as lender and sustainability-linked loan coordinator. The facility agreement includes a change-of-control covenant tied to the manager, requiring mandatory prepayment discussions if Frasers Property Limited ceases to hold more than 50% of the manager’s share capital.

If this ownership threshold is breached without lender consent, the lender may suspend further drawings, negotiate in good faith for up to 30 days on potential amendments, and ultimately cancel the facility and demand repayment of outstanding loans. The clause underscores lender focus on sponsor stability and could affect FLCT’s financing flexibility if there is a material change in control of its manager.

The most recent analyst rating on (SG:BUOU) stock is a Buy with a S$1.22 price target. To see the full list of analyst forecasts on Frasers Logistics & Commercial Trust stock, see the SG:BUOU Stock Forecast page.

More about Frasers Logistics & Commercial Trust

Frasers Logistics & Commercial Trust is a Singapore-listed real estate investment trust focused on logistics and commercial properties. Managed by Frasers Logistics & Commercial Asset Management Pte. Ltd., it invests in income-producing real estate, providing unitholders exposure to industrial and commercial sectors across selected markets.

Average Trading Volume: 10,887,887

Technical Sentiment Signal: Buy

Current Market Cap: S$3.79B

For detailed information about BUOU stock, go to TipRanks’ Stock Analysis page.