Apr, 07 2026 — Lendlease Global Commercial REIT (JYEU) announced that its trustee, DBS Trustee Limited, has signed a facility agreement for senior unsecured sustainability-linked term and revolving credit facilities totaling up to 500 million Singapore dollars, together with an accordion feature that could provide an additional 200 million Singapore dollars.
The proceeds will be used to refinance existing borrowings, fund working-capital requirements, and cover related fees as well as general corporate purposes for the trust and its subsidiaries.
Under Singapore Exchange Listing Manual Rule 704(31), the manager highlighted two key provisions: a mandatory prepayment if Lendlease Corporation Limited’s stake in the manager falls below 51 percent without lender consent, and an event of default if the current manager resigns or is removed without an immediate replacement.
The manager said none of these trigger events have occurred. Facilities that could be affected by such events amount to approximately 2.409 billion Singapore dollars, excluding interest and fees.
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