ARA US Hospitality Trust ( (SG:XZL) ) has shared an announcement.
Acrophyte Hospitality Trust has secured a US$75 million unsecured term loan facility and a US$20 million unsecured revolving credit facility to refinance existing borrowings and support general corporate funding and working capital needs. The facility agreement includes conditions that could trigger mandatory prepayment if certain ownership and management changes occur, potentially impacting the company’s financial stability and market positioning.
More about ARA US Hospitality Trust
YTD Price Performance: 12.50%
Average Trading Volume: 269,383
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $130.5M
Learn more about XZL stock on TipRanks’ Stock Analysis page.