Mapletree Commercial (SG:N2IU) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Mapletree Pan Asia Commercial Trust (MPACT) has secured two new financial agreements totaling approximately S$288.4 million, backed by a guarantee from DBS Trustee Limited. These Facilities, subject to specific conditions, may require early repayment if managerial changes at MPACT occur without lenders’ consent or if the manager is not a Mapletree Investments Pte Ltd subsidiary. The potential repayment could impact around S$6.7 billion of MPACT’s borrowings, which are primarily for refinancing purposes.
For further insights into SG:N2IU stock, check out TipRanks’ Stock Analysis page.
