Prime US REIT (SG:OXMU) has released an update.
Prime US REIT is nearing the completion of refinancing its substantial $600 million credit facilities, but has agreed to extend the current facility’s maturity to August 19, 2024, at the request of one of the syndicate lenders needing more time for internal documentation. The company has assured stakeholders that a follow-up announcement will be made once the refinancing is finalized. This financial maneuver is aimed at optimizing the REIT’s capital structure and maintaining liquidity.
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