Notes to the Financial Statements For the financial year ended 31 December 2025 14. INTEREST-BEARING BORROWINGS (CONT’D) (A) Term loans and revolving credit facilities (cont’d) (ix) secured loan facility of $341.5 million from a syndicate of five banks comprising CIMB, DBS, Maybank, RHB and SMBC Singapore consisting of: • Facility A: $232.9 million term loan facility maturing in November 2029 at an interest margin plus SORA; and • Facility B (Green Loan): $108.6 million term loan facility maturing in November 2029 at an interest margin plus SORA. The secured loan facility is secured on the following: • a floating charge over the investment property with a carrying amount of $875.8 million (2024: $868.6 million); • assignment of insurance policies on the above investment property; • assignment of the property management agreements, guarantees, sale and tenancy agreements in relation to the above investment property; • charge over certain bank accounts of a subsidiary; • a debenture incorporating a fixed charge over book debts, bank accounts, uncalled capital and goodwill and plant and machinery in connection with the above investment property, an assignment over the insurances taken out by a subsidiary that are not in respect of the above investment property, and floating charge over generally all of the present and future assets of a subsidiary; • assignment of loan agreements; and • fixed charge over the shares of a subsidiary. (x) secured club loan facility of JPY10.5 billion from MUFG and Sumitomo Mitsui Banking Corporation (“SMBC”) consisting of: • Term loan facility of JPY9.5 billion maturing in October 2026 at a fixed interest rate; and • Specified bond of JPY1.0 billion maturing in October 2026 at a fixed interest rate. The secured loan facility is secured on the following: • investment property with a carrying amount of $153.9 million (2024: $161.8 million); • a pledge over the trust beneficial interest in the above investment property; • a conditional pledge over the insurance claims relating to the above investment property; and • a pledge over the specified shares of certain subsidiaries. 188 ESR-REIT ANNUAL REPORT 2025
RkJQdWJsaXNoZXIy NTM2MDQ5