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