LippoMalls (D5IU) refinancing

Another Reit company announcing refinancing; this time round it is LippoMalls Reit.

Below is the announcement extract :-

Refinancing of Lippo Malls Indonesia Retail Trust's existing borrowings due on 26 March 2012

Further to its announcement dated 28 September 2011 relating to the entering into of a facility agreement to, inter alia, refinance its existing bank borrowings due on 26 March 2012, LMIRT Management Ltd., as manager of Lippo Malls Indonesia Retail Trust ("LMIR Trust", and as manager of LMIR Trust, the "Manager") is pleased to announce that LMIR Trust has, on 13 December 2011, effected a drawdown of S$147,500,000 under the facility agreement and has successfully refinanced its existing bank borrowings. The new facility will be due for repayment 30 months after 13 December 2011.