OUE Commercial Real Estate Investment Trust (SG:TS0U) has released an update.
OUE Commercial Real Estate Investment Trust has secured a S$600 million unsecured facility to refinance existing loans and for general corporate purposes. The agreement stipulates conditions including a mandatory prepayment if the majority lender’s requirements around the REIT’s ownership structure are not met. These provisions aim to safeguard the REIT’s financial stability and ensure the continued influence of its sponsor, OUE Limited.
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