By Gaurav Raghuvanshi

SINGAPORE--Lippo Malls Indonesia Retail Trust (D5IU.SG) has secured a 180 million Singapore dollar (US$137 million) term loan facility from three banks to fund its working capital needs and investments.

BNP Paribas, CIMB Bank and Standard Chartered Bank have agreed to provide the trust with the loan facility, Lippo Malls said in an announcement on Thursday evening.

Lippo Malls said it expects the first drawdown from the facility to occur before Dec. 31.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

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