Keppel Infrastructure Trust Secures EUR50 Million Bank Facilities with Change-of-Control Triggers

Keppel Infrastructure ( (SG:A7RU) ) has provided an announcement.

Keppel Infrastructure Trust has secured uncommitted revolving credit and bank guarantee facilities totaling EUR50 million under a new facility letter, providing additional short-term funding and guarantee capacity. The facilities contain change-of-control clauses allowing the lending bank to cancel commitments and demand immediate repayment, and require that the trustee-manager remains wholly owned, directly or indirectly, by Keppel Ltd. and/or Keppel Capital Holdings or their wholly owned entities, or that a similarly owned entity is appointed as a replacement trustee-manager. The trust disclosed that if such a change-of-control event were to occur and trigger cross-defaults across its capital structure, up to about S$1.56 billion of facilities could be affected, underscoring the sensitivity of its financing arrangements to ownership stability, though it emphasized that no such event has occurred as of the announcement date.

The most recent analyst rating on (SG:A7RU) stock is a Hold with a S$0.56 price target. To see the full list of analyst forecasts on Keppel Infrastructure stock, see the SG:A7RU Stock Forecast page.

More about Keppel Infrastructure

Keppel Infrastructure Trust is a Singapore-listed business trust focused on owning and operating infrastructure assets, with its trustee-manager, Keppel Infrastructure Fund Management Pte. Ltd., ultimately linked to Keppel Ltd. and Keppel Capital Holdings Pte. Ltd. The trust typically uses bank facilities and capital markets funding to support its portfolio of infrastructure investments and related financial needs.

YTD Price Performance: 5.10%

Average Trading Volume: 6,770,491

Technical Sentiment Signal: Buy

Current Market Cap: S$3.13B

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