18 May 2015

Link REIT Signs HK$4 Billion Five-Year Syndicated Loan

The Link Real Estate Investment Trust (“The Link REIT”; Hong Kong stock code: 823) is pleased to announce that it has signed a five-year HK$4 billion syndicated credit facility with a consortium of 12 leading financial institutions.

The facility has a 50:50 split between term-loan and revolving credit tranches with a maturity of five years at the all-in pricing of 123 basis points over HIBOR. The total subscription amounted to almost HK$8 billion and in view of the funding requirement, the facility was upsized from an initial amount of HK$3 billion to HK$4 billion. The loan will be used as general working capital for the group.

George Hongchoy, Chief Executive Officer of The Link Management Limited, said, “The transaction received overwhelming support from the banking market. The facility will further strengthen The Link REIT’s liquidity position and is a testimony to The Link REIT’s strong capability to raise capital at favourable terms from different funding sources.”

The loan facility has the following mandated lead arrangers: Bank of China (Hong Kong) Limited; DBS Bank Ltd.; Hang Seng Bank Limited; The Hongkong & Shanghai Banking Corporation Limited; Mizuho Bank, Ltd.; Sumitomo Mitsui Banking Corporation; Australia and New Zealand Banking Group Limited; BNP Paribas, Hong Kong Branch; China Construction Bank (Asia) Corporation Limited; Industrial and Commercial Bank of China (Asia) Limited; Oversea-Chinese Banking Corporation Limited and OCBC Wing Hang Bank Limited.

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