Parkway Life Real Estate Investment (SG:C2PU) has released an update.
Parkway Life Real Estate Investment Trust has entered into two significant facility agreements to refinance existing debts and fund various corporate needs, including working capital, capital expenditures, and potential acquisitions. These agreements contain specific prepayment conditions related to managerial changes or share ownership of the managing company. As of the announcement, Parkway Life REIT could be impacted by up to approximately S$894 million if certain conditions are triggered, although no prepayment has occurred to date.
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