FSL Trust (D8DU) refinanced

FSL TRUST secures US$479.6 million 6-year amortising term loan facility

- Existing revolving credit facility will be refinanced with 6-year amortising term loan, extending FSL Trust’s loan maturity to 2017

- Reaffirms unchanged distribution capacity


Mr. Cheong Chee Tham, Senior Vice-President and Chief Financial Officer of FSLTM (FSL Trust Management Pte. Ltd.) said: “The successful completion of the loan facility amidst the challenges in the global financial and shipping markets is testament to the reputation and strength of FSL Trust. With the renewed partnerships with our existing lenders as well as strong support from our new banking partners, FSL Trust can now look forward in confidence and continue to build our business.”

Mr. Philip Clausius, President and Chief Executive Officer of FSLTM said: “We continue to believe in the traditional sale and leaseback structure which underpins FSL’s strategy. Our focus is now to build on the strong foundation of the business and assess all available opportunities to maximise returns for our unitholders.”