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Slate Office REIT ( ($TSE:RPR.UN) ) has provided an announcement.
Ravelin Properties REIT announced the assignment of its Syndicated Credit Agreement and Bilateral Loans to G2S2 Capital, a major unitholder, totaling over CAD$528 million and USD$43.7 million. This move is part of the REIT’s strategic recapitalization plan, with G2S2 providing a six-month forbearance to facilitate negotiations. The transaction is expected to aid in managing the REIT’s debt and support its strategic direction, potentially impacting its operational stability and stakeholder relations positively.
More about Slate Office REIT
Ravelin Properties REIT is a global owner and operator of commercial real estate, with assets located in North America and Europe. The company’s portfolio primarily consists of properties leased to government and high-quality credit tenants.
YTD Price Performance: 11.54%
Average Trading Volume: 61,776
Technical Sentiment Signal: Buy
Current Market Cap: C$49.79M
See more insights into RPR.UN stock on TipRanks’ Stock Analysis page.