Keppel DC REIT Secures Multi-Billion Yen Loan

Keppel DC REIT (SG:AJBU) has released an update.

Keppel DC REIT has secured a JPY9,950,000,000 loan facility through its subsidiary, subject to conditions that include a clause triggering repayment if the Manager is no longer a Keppel Ltd. subsidiary. As of the announcement date, the potential cross default impact from the mandatory prepayment clause could affect approximately S$2,071.5 million in borrowings. Currently, the mandatory prepayment event stipulated has not occurred.

For further insights into SG:AJBU stock, check out TipRanks’ Stock Analysis page.