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CapitaLand Ascendas REIT ( (SG:A17U) ) has issued an update.
CapitaLand Ascendas REIT has announced that its subsidiary, Ascendas US REIT LLC, has secured a US$198 million revolving credit facility maturing in 2030. This facility is guaranteed by HSBC Institutional Trust Services and includes a clause that could trigger cross defaults on approximately S$6.9 billion of borrowings if the REIT’s manager is removed without a replacement. This development underscores the importance of stable management for the REIT’s financial health and could impact its operations and stakeholder confidence.
More about CapitaLand Ascendas REIT
CapitaLand Ascendas REIT is a real estate investment trust based in Singapore, focusing on the acquisition, development, and management of industrial and business space properties. It operates primarily in the real estate sector, offering investment opportunities in high-quality industrial and commercial properties across various regions.
YTD Price Performance: 17.99%
Average Trading Volume: 33,284
Technical Sentiment Signal: Strong Sell
Current Market Cap: $9.05B
Learn more about A17U stock on TipRanks’ Stock Analysis page.