Keppel DC REIT ( (SG:AJBU) ) has shared an announcement.
Keppel DC REIT has announced that its wholly-owned subsidiary, Keppel DC REIT Fin. Company Pte. Ltd., has secured a EUR 50 million revolving credit facility. This loan is guaranteed by Perpetual (Asia) Limited as trustee of Keppel DC REIT. A key condition of the loan is that it must be repaid within 10 business days if the manager ceases to be a subsidiary of Keppel Ltd., which could potentially impact the REIT’s financial stability, considering the substantial amount of S$2,348.3 million in facilities that could be affected by such an event.
More about Keppel DC REIT
Keppel DC REIT is a real estate investment trust based in Singapore, focusing on data center properties. It is managed by Keppel DC REIT Management Pte. Ltd. and is part of the larger Keppel Corporation, which has a significant presence in the real estate and infrastructure sectors.
YTD Price Performance: -20.66%
Average Trading Volume: 455
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.64B
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