The board of directors of Henderson Sunlight Asset Management Limited announced that in March and April 2017, Sunlight Real Estate Investment Trust through its wholly-owned special purpose vehicles, entered into several bilateral facility agreements with certain lenders in relation to the granting of new term loan facilities to Sunlight REIT in the aggregate amount of HKD 3,625 million. It is expected that drawdown of all the new facilities will take place on or before 30 June 2017, and will be applied in full towards the refinancing of the existing term loans of Sunlight REIT. The New Facilities comprise secured term loan facilities in the total amount of HKD 2,305 million and unsecured term loan facilities in the total amount of HKD 1,320 million. It is expected that drawdown of all the New Facilities will take place on or before 30 June 2017, and will be applied in full towards the refinancing of the Existing Facilities. The new secured facilities will be, on a pari passu basis with other secured indebtedness, subject to the existing guarantee given by HSBC Institutional Trust Services (Asia) Limited (the "Trustee") (in its capacity as the trustee of Sunlight REIT) and Sunlight REIT Holding Limited ("Sunlight REIT Holding"), on a joint and several basis; and the sharing of a pool of securities given by Sunlight REIT group, including a mortgage over certain properties held by Sunlight REIT with an appraised value of approximately HKD 9,759 million at 31 December 2016. Similarly, the Trustee and Sunlight REIT Holding will also provide a joint and several guarantee to the respective lenders of the New Unsecured Facilities which will be unsecured.