CapitaLand Ascendas REIT Secures S$300M Loan

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

CapitaLand Ascendas REIT has obtained a S$300 million term loan facility scheduled to mature in 2031, which could affect its extensive S$6.8 billion in borrowings if an event of default occurs. The default event, as per the facility agreement, is linked to the removal of the REIT’s manager without a timely replacement, potentially triggering cross defaults. However, as of the announcement date, this situation has not arisen.

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