17 Aug 2015

HK$4B Four-Year Club Loan and Extension of Completion of Acquisition of Corporate Avenue 1 & 2

The Link Real Estate Investment Trust (“The Link REIT”; Hong Kong stock code: 823) is pleased to announce the signing of a four-year HK$4 billion credit facility with seven leading financial institutions in Hong Kong.

The HK$4 billion club facility is structured as a 50:50 split between term-loan and revolving credit tranches, with a maturity of four years at 97 basis points margin over HIBOR. The club facility was well supported by banks with the total subscription amounting close to twice the HK$4 billion facility amount. The loan will be used as general working capital for the group. Mandated lead arrangers of the club facility are Australia and New Zealand Banking Group Limited, Bank of China (Hong Kong) Limited, DBS Bank Limited, Hang Seng Bank Limited, The Hongkong & Shanghai Banking Corporation Limited, Mizuho Bank, Limited and Sumitomo Mitsui Banking Corporation.

George Hongchoy, Chief Executive Officer of The Link Management Limited (the “Manager”), said, “The new club facility is in line with The Link REIT’s capital management strategy to achieve low-cost funding to support our growth initiatives.”

Extension of Completion of Acquisition of Corporate Avenue 1 & 2 in Shanghai

The Manager also announced that in exercise of its rights under the Sale and Purchase Agreement (“SPA”), it has served notice to the seller on 14 August 2015 to extend completion of the acquisition of Corporate Avenue 1 & 2 in Shanghai to 31 August, while the balance (85%) of the consideration will be paid in HKD/USD and RMB at prevailing exchange rates prior to the date of actual payments. The Manager will make further announcements upon completion and when final consideration is determined according to the terms of the SPA.



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