ESR-Reit:to refinance existing indebtedness, acquire assets and improve currently owned assets as well as other general working capital purposes, its manager announced on Tuesday night. It will comprise two tranches: a S$75 million term loan facility maturing 36 months from March 4, 2019, and a S$80 million term loan facility maturing in 48 months. The lenders are the Singapore branches of Australia and New Zealand Banking Group , CTBC Bank and Standard Chartered Bank.
2 per cent or 0.2 Singapore cent. The company had planned to raise 275.86 million new shares at an issue price of 10 Singapore cents, on the basis of two rights shares for every 10 existing shares. On Dec 6 last year, the private education operator announced a renounceable, non-underwritten rights issue. This would raise S$27.44 million in net proceeds, meant primarily to repay loans owed to chairman and chief executive Chew Hua Seng.on March 4 to recover S$2.
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