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MPACT Secures HK$600 Million Facility to Refinance Borrowings

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MPACT Secures HK$600 Million Facility to Refinance Borrowings

Mapletree Commercial ( (SG:N2IU) ) has provided an update.

MPACT Management Ltd., the manager of Mapletree Pan Asia Commercial Trust (MPACT), announced a new HK$600 million facility agreement guaranteed by DBS Trustee Limited. This agreement includes conditions that could trigger a mandatory prepayment event if specific managerial changes occur without lender consent, potentially impacting MPACT’s borrowings of approximately S$6,077.1 million. The facility aims to refinance and reduce existing borrowings, which could stabilize MPACT’s financial structure and influence its market positioning.

More about Mapletree Commercial

Mapletree Commercial is a company operating in the real estate investment sector, focused on managing commercial properties across Asia. Its primary services include property management and investment, with a market focus on commercial real estate in key Asian markets.

YTD Price Performance: 6.02%

Average Trading Volume: 4,635

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $4.91B

See more data about N2IU stock on TipRanks’ Stock Analysis page.

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