Frasers Hospitality Trust (SG:ACV) has released an update.
Frasers Hospitality Trust has announced that its REIT arm, through its trustee Perpetual (Asia) Limited, has secured a S$220 million revolving credit facility with DBS Bank Ltd., subject to conditions restricting managerial changes without approval. The facility stipulates mandatory repayment if the REIT’s manager changes without consent, potentially affecting up to S$670.1 million in additional facilities. To date, none of the outlined preconditions have been breached or triggered.
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