OUE REIT secures $100m loan for capital spending

The funds target working capital and loan refinancing.

DBS Trustee Limited, acting for OUE Real Estate Investment Trust (OUE REIT) has secured a $100m loan to support capital expenditure in the future.

The $100m will be used for working capital, refinancing existing loans, paying the costs and fees incurred in conjunction with the loan and general corporate purposes.

The deal is pursuant to OUE Limited maintaining control of at least 51% of the shares of OUE REIT.

Should the loan default, the total borrowings that may be affected will approximately be $2.3m.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia