Soilbuild REIT grabs $200m loan facility from OCBC, RHB

It will refinance a $185m loan in October 2017.

Soilbuild Business Space REIT (Soilbuild REIT) secured a $200m loan facility from OCBC and RHB.

According to a press release, $185m will be used to fund a secured loan in October 2017, whilst $15m will be available for general corporate purposes.

The facility has a term of five years.

Soilbuild REIT chief executive officer Roy Teo said they jumped on the opportunity to refinance the $185m loan ahead of its expiry in March 2020.

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