Digital Core REIT (SG:DCRU) has released an update.
Digital Core REIT has successfully completed financings to secure an additional 10% stake in an Osaka data centre, including a ¥11.25 billion Yen-denominated term loan that was fixed at a 1.5% interest rate for four years. The company also strategically repaid US$140 million of its U.S. dollar-denominated debt to enhance financial flexibility for future growth. This strategic financial maneuvering was acknowledged by CFO Dave Craft and supported by leading financial institutions.
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