Frasers Centrepoint Trust (SG:J69U) has released an update.
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Frasers Centrepoint Trust (FCT) has secured a S$175 million revolving credit facility with DBS Bank Ltd., which includes conditions related to maintaining the current management structure and ownership stakes. The agreement stipulates mandatory repayment if changes occur without bank consent, potentially affecting up to S$1.71 billion in additional facilities. No triggering events from the agreement have been reported as of the announcement date.
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