iREIT Global subsidiaries granted extension for bank loan facility of over $35.6 mil

SINGAPORE (March 14): The manager of iREIT Global has announced that four of its indirectly wholly-owned subsidiaries – namely Laughing Rock 11 B.V., Laughing Rock 12 B.V., Laughing Rock 13 B.V. and Laughing Rock 14 B.V. – have together been granted an extension of a bank loan facility amounting to over 23.6 million euros ($35.6 million).

The lender is HSH Nordbank AG, a commercial bank in northern Europe with headquarters in Hamburg as well as Kiel, Germany.

In a Monday filing to the SGX, iREIT Global says the term loan facility agreement, which was entered into by the borrowers and lender on Jul 24, 2015, comprises two facilities of 78.4 million euros and 23.6 million euros, which are maturing in August 2020 and August 2017 respectively.  

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