Examples of Refinancing Facility in a sentence
On 24 December 2020, the Trustee had entered into a facility agreement with, among others, OCBC and CIMB Bank Berhad, Singapore Branch to refinance the 2018 Secured Loan Facilities (S$400 million) with a loan facility of up to S$260 million (Refinancing Facility) in order to meet the S$195.5 million repayment obligation (updated as at 31 December 2020 based on unaudited financial statements for FY2020) on 1 March 2021 under the 2018 Secured Loan Facilities.
Under the Refinancing Facility, it is a condition that First REIT undertakes an equity fund raising exercise to repay the difference between S$400 million and S$260 million, being S$140 million.
Rediscounting and Refinancing Facility - This helps banks to provide pre and post shipment finance in local currency to support non-oil exports.
S$140.0 million as part of the gross proceeds from the Right Issue would be immediately repaid to cover the shortfall between the S$260 million Refinancing Facility and S$400 million in 2018 Secured Loan Facilities.