tiprankstipranks
MPACT Secures HK$600 Million Loan with Key Prepayment Conditions
Company Announcements

MPACT Secures HK$600 Million Loan with Key Prepayment Conditions

Story Highlights

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Mapletree Commercial ( (SG:N2IU) ) has issued an announcement.

MPACT Management Ltd., as the manager of Mapletree Pan Asia Commercial Trust, has entered into a HK$600 million term loan facility, guaranteed by DBS Trustee Limited. This facility includes conditions that could trigger mandatory prepayment events, potentially affecting borrowings totaling approximately S$5,983.9 million if certain managerial or ownership changes occur, underscoring the importance of stable management and ownership structures for the trust’s financial operations.

More about Mapletree Commercial

Mapletree Commercial, managed by MPACT Management Ltd., operates in the real estate investment sector, focusing on commercial properties across Asia, with a strategic aim to optimize and manage assets for stakeholders.

YTD Price Performance: 1.59%

Average Trading Volume: 29,012

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $4.65B

See more insights into N2IU stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App