Mapletree Commercial (SG:N2IU) has released an update.
Mapletree Pan Asia Commercial Trust (MPACT) has secured a significant term loan facility of HK$600 million, guaranteed by DBS Trustee Limited. This strategic financial move is aimed at refinancing existing borrowings, with the facility’s full drawdown potentially impacting MPACT’s aggregate borrowings to the tune of S$6.688 billion. The agreement includes stipulations for mandatory prepayment under certain management change conditions, emphasizing the trust’s stable management as a key aspect of the loan arrangement.
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