Hong Kong’s ESR Cayman has fully drawn down $250 million loan

Chicago, March 19 – ESR Cayman Ltd. has fully drawn funds on its $250 million three-year term loan facility, according to a news release.

The loan has been drawn down in full in March.

The company entered into the new facility agreement in February with international banks at a rate of Libor plus 300 basis points.

Proceeds from the loan will be used to fund its working capital requirements and for general corporate purposes.

ESR operates as a logistics real estate developer based in Hong Kong.

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