CapitaLand Ascendas REIT Secures $280 Million Credit Facility

CapitaLand Ascendas REIT (SG:A17U) has released an update.

CapitaLand Ascendas REIT has announced that its subsidiary, Ascendas US REIT LLC, has secured a $280 million revolving credit facility maturing in 2030. The facility is guaranteed by HSBC Institutional Trust Services and includes a default clause if the current manager is removed without a replacement. This credit facility impacts approximately S$6.6 billion in borrowings, underscoring the significant financial maneuvers involved.

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