Digital Core REIT Recasts $716 Million Worth of Existing Loan Facilities; Shares Up 3%

MT Newswires

Oct 09, 2024

Digital Core REIT (SGX:DCRU) recast $716 million worth of loan facilities by around three years relative to the maturing dates of the existing facilities, according to a filing with the Singapore Exchange on Wednesday.

The facilities comprise of a 70 million euros senior unsecured term loan maturing in 2029, a $275 million worth senior unsecured revolving multicurrency loan facility maturing in 2029 and a $363 million senior unsecured multicurrency term loan facility maturing in 2029.

The $275 million revolving multicurrency loan facility was upsized by $75 million from $200 million.

The REIT can now increase the facilities by up to $500 million, the filing said.

Shares of the pure play data center REIT were up nearly 3% in recent trading.

Price (SGD): S$0.59, Change: S$+0.010, Percent Change: +1.72%

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