Keppel Pacific Oak US REIT (SGX:CMOU) has obtained a $50 million term loan facilities under a facility agreement, according to a Wednesday filing on the Singapore Exchange.

The loan is subject to conditions, including mandatory prepayment if the manager or its controlling shareholders change.

The agreement includes a clause that could trigger a prepayment within 10 business days if the manager changes or if certain stakeholders cease to hold full ownership of the manager.

The loan facilities are part of a broader borrowing portfolio, totaling around $790 million, excluding interest and fees.