Starhill Global REIT Secures A$70m and S$70m Sustainability-Linked Facilities for Refinancing

Starhill Global Real Estate Investment ( (SG:P40U) ) just unveiled an update.

Starhill Global REIT has secured a six-year unsecured sustainability-linked term loan of A$70 million for its Australian special purpose trust and a six-year unsecured sustainability-linked revolving credit facility of S$70 million. The term loan will refinance existing Australian borrowings and support general corporate needs, while the revolving facility, available from October 2026, is earmarked to fully refinance S$70 million of unsecured medium-term notes maturing that month.

The manager said the refinancing exercises are not expected to materially affect the REIT’s gearing, supporting balance-sheet stability while extending debt maturities. However, lenders will have the right to demand repayment of all outstanding amounts if there is a change of control at the manager or if YTL Corporation Berhad’s indirect stake in the manager falls below 51%, a covenant that could affect about S$1.38 billion of facilities should such an event occur.

The most recent analyst rating on (SG:P40U) stock is a Buy with a S$0.68 price target. To see the full list of analyst forecasts on Starhill Global Real Estate Investment stock, see the SG:P40U Stock Forecast page.

More about Starhill Global Real Estate Investment

Starhill Global Real Estate Investment Trust is a Singapore-based REIT that invests primarily in retail and office properties in Singapore and overseas. Listed on the SGX Mainboard since 2005, it has expanded from two Orchard Road landmarks to a S$2.8 billion portfolio of nine assets across Singapore, Australia, Malaysia, Japan and China, and is managed externally by YTL Starhill Global REIT Management Limited, indirectly owned by YTL Corporation Berhad.

Average Trading Volume: 1,992,546

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$1.29B

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