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Keppel DC REIT ( (SG:AJBU) ) just unveiled an announcement.
Keppel DC REIT has secured a S$200 million multicurrency revolving credit facility through its subsidiary, Keppel DC REIT Fin. Company Pte. Ltd. This facility is guaranteed by Perpetual (Asia) Limited. A key condition of this loan is the requirement for full repayment if the management ceases to be a subsidiary of Keppel Ltd. This could potentially impact approximately S$2,282.4 million in facilities if a cross-default occurs, although such an event has not yet happened.
More about Keppel DC REIT
Keppel DC REIT is a real estate investment trust based in Singapore, focusing on investments in data centers. The company is involved in acquiring, developing, and managing data center properties, catering to the growing demand for digital infrastructure.
YTD Price Performance: -20.66%
Average Trading Volume: 7,756
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.37B
Learn more about AJBU stock on TipRanks’ Stock Analysis page.