Sasseur REIT to refinance 2028 debt with $48.1m facility

The five-year onshore loan is backed by Hefei outlet.

Sasseur Real Estate Investment Trust (REIT) has secured a five-year onshore secured term loan facility of up to $48.1m (RMB267m) through its wholly owned subsidiary Hefei Sasseur Commercial Management Co., Ltd to refinance part of an existing loan due in March 2028, according to a filing.

The manager said the refinancing is intended to achieve a more competitive cost and is subject to conditions precedent under the facility agreement dated 11 February 2026.

If triggered, the lender may cancel the facility and declare all outstanding amounts immediately due and payable, with maximum exposure of $48.1m (RMB267m), excluding interest, once fully drawn.

The facility includes provisions under which the loan becomes immediately repayable if the onshore borrower ceases to hold 100% interest in Sasseur (Hefei) Outlet or if Sasseur Cayman Holding Limited ceases to maintain effective control, directly or indirectly, over the borrower.

($1.00 = RMB5.48)

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