Mapletree Commercial Trust (SG:N2IU) has released an update.
Mapletree Pan Asia Commercial Trust (MPACT) has secured a HK$600 million facility agreement, backed by a guarantee from DBS Trustee Limited. The funding is aimed at refinancing and reducing MPACT’s existing borrowings, with the caveat of mandatory prepayment events tied to the management of MPACT. If triggered, these events could affect the trust’s substantial borrowings, which total approximately S$6.67 billion.
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