Keppel DC REIT Enters $100 Mil Loan Facility
The facility was guaranteed by the REIT’s trustee, Perpetual (Asia) Limited.
Keppel DC REIT (KDC) has entered into a $100 million revolving loan facility, according to a Dec 19 bourse filing.
The facility was guaranteed by the REIT’s trustee, Perpetual (Asia) Limited.
Additionally, the facility contains conditions where a mandatory prepayment event may occur if the manager of KDC ceases to be a direct or indirect subsidiary of Keppel.
Should the prepayment event occur, the aggregate level of utilised and unutilised facilities that may be affected stands at approximately $ 2,092.8 million as at Dec 19.
Units in Keppel DC REIT closed 1 cent lower, or down 0.47%, at $2.14 on Dec 19.
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