KUALA LUMPUR (Dec 29): YTL Starhill Global REIT Management Ltd, the manager of Singapore-listed Starhill Global Real Estate Investment Trust (Starhill Global REIT), announced that the property trust’s trustee HSBC Institutional Trust Services (Singapore) Ltd has entered into a five-year S$550 million (about RM1.68 billion) unsecured loan agreement with various banks to refinance existing bonds and bank borrowings and fund working capital requirements. In a statement to the Singapore bourse yesterday, YTL Starhill Global REIT Management said the S$550 million comprises term loan facilities of S$250 million and revolving credit facilities of S$300 million. "As part of the manager’s proactive capital management strategy, the term facilities will be used to refinance the S$100 million unsecured medium term notes upon maturity on Feb 26, 2021 and the S$150 million unsecured term loan ahead of its maturity on Sept 16, 2021.