Frasers Logistics & Commercial Trust secures US$55 million loan featuring change-of-manager clause

SGX Filings

Apr 22

Frasers Logistics & Commercial Trust (FLCT) said on Apr, 22 2026 that its trustee, Perpetual (Asia) Limited, has signed a US$55 million facility agreement with The Bank of East Asia, Limited, Singapore Branch.

The agreement requires mandatory prepayment if FLCT’s manager resigns, is removed without a regulator-approved replacement, or if Frasers Property Limited loses its majority stake in the manager. In such a case, the lender may cancel the facility and demand immediate repayment of all outstanding amounts.

FLCT added that none of these events has occurred. Should a breach trigger cross-default provisions in other borrowings, facilities totalling about 2.4045 billion Singapore dollars could be affected, excluding undrawn commitments and future debt issuances.

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In such a case, the lender may cancel the facility and demand immediate repayment of all outstanding amounts.</p>\n<p>FLCT added that none of these events has occurred. Should a breach trigger cross-default provisions in other borrowings, facilities totalling about 2.4045 billion Singapore dollars could be affected, excluding undrawn commitments and future debt issuances.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BUOU.SI","symbol_name":"星狮物流工业信托","start_time":0,"source_url":"","article_id":"1117755355","we_media_id":"1083912268","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117755355","pubTimestamp":1776870773,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"SGX Filings","introduction":"Fastest News on SGX Filings ","home_visible":1,"id":"1083912268","head_image":"https://community-static.tradeup.com/news/57d1beae95c40ebe9f2698a436562e39"},"summary":"Frasers Logistics & Commercial Trust (FLCT) said on Apr, 22 2026 that its trustee, Perpetual (Asia) Limited, has signed a US$55 million facility agreement with The Bank of East Asia, Limited,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BUOU.SI":"星狮物流工业信托"},"translate_title":"Frasers Logistics&Commercial Trust获得5500万美元贷款，其中包含经理变更条款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUOU.SI":1},"content_text":"Frasers Logistics & Commercial Trust (FLCT) said on Apr, 22 2026 that its trustee, Perpetual (Asia) Limited, has signed a US$55 million facility agreement with The Bank of East Asia, Limited, Singapore Branch.\nThe agreement requires mandatory prepayment if FLCT’s manager resigns, is removed without a regulator-approved replacement, or if Frasers Property Limited loses its majority stake in the manager. 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