SPH refinances loan for Paragon - Jun 22, 2006 (ST)
The Straits Times / The Business Times News On SPH
SPH refinances loan for Paragon
Jun 22, 2006
The Straits Times
Media group Singapore Press Holdings (SPH) announced that it received a $610 million loan from a syndicate of banks and financial institutions to refinance an old loan.
The new loan has a tenure of five years and was arranged by DBS Bank.
It is secured on The Paragon shopping centre in Orchard Road.
SPH entered into the loan agreement through wholly owned Orchard 290, which is held through subsidiary, Times Properties.