EC World REIT Restructures Debt, Cuts Costs

EC World Real Estate Investment Trust (SG:BWCU) has released an update.

EC World Real Estate Investment Trust has successfully completed the restructuring of its onshore facilities, achieving a 2% annual reduction in interest expenses to bolster its cash reserves for operations. Additionally, the company has revised its repayment schedule to lessen the principal amount due before the maturity date in April 2026, while also agreeing to maintain a minimum balance in its income account.

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