Starhill Global Real Estate Investment (SG:P40U) has released an update.
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Starhill Global Real Estate Investment Trust has successfully refinanced its RM330 million third senior medium term notes through the issuance of new RM500 million fourth senior medium term notes, with the proceeds going towards repayment of existing debts and general corporate funding. The refinancing activity, carried out by their Malaysian special purpose vehicle, is not expected to materially affect the REIT’s gearing or the distribution per unit for the financial year ending June 2024. Additionally, the REIT has invested in new junior medium term notes and preference shares as part of their refinancing strategy.
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