Lippo Malls Indonesia Retail Trust (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust (LMIR Trust) has secured an IDR1.5 trillion amortizing term loan, equivalent to around SGD126 million, to repay its maturing debts, including the 2024 Guaranteed Senior Notes. The loan, with an average life of 6 years, contains a clause requiring mandatory prepayment if PT Lippo Karawaci Tbk is no longer a substantial unitholder or the ultimate shareholder of LMIR Trust or its management company.
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