CapitaLand Ascendas REIT (SG:A17U) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into SG:A17U stock, check out TipRanks’ Stock Analysis page.