Atrium REIT accepts banking facility

KUALA LUMPUR: Atrium Real Estate Investment Trust’s (REIT) trustee, Pacific Trustees Bhd, has accepted the banking facility of a term loan and bank guarantee amounting to RM12.8mil and RM300,000 respectively, offered by Public Bank Bhd.

In a filing with Bursa Malaysia yesterday, Atrium REIT said that the offer was accepted via the bank’s letter of offer on Aug 26, 2016 for the purpose of financing 80% of the total cost of the proposed asset enhancement initiatives (AEI) at Atrium Shah Alam 2.