Frasers Logistics Trust (SGX:BUOU) secured loan facilities worth AU$135 million, according to a filing with the Singapore Exchange on Monday.
APF Management, an indirect wholly owned subsidiary entered into an AU$50 million facility agreement with Commonwealth Bank of Australia.
Athllon Trustee, an indirect wholly owned subsidiary, entered into an AU$85 million facility agreement with the Commonwealth Bank of Australia.
Shares of the trust were down over 1% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.