Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust has amended its term loan facility, increasing the limit to approximately SGD 371.8 million, with the additional funds earmarked for the acquisition of outstanding Senior Notes due 2026, payment of related consent fees, and other expenses. The strategic financial maneuver aims to restructure the company’s debt profile and extend its debt maturity, aligning with previous financial activities and consent requests. This move is expected to have a significant impact on LMIR Trust’s debt maturity profile, as the Trust continues to refinance and manage its long-term financial obligations.
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