Keppel Pacific Oak US REIT (SG:CMOU) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Keppel Pacific Oak US REIT Management Pte. Ltd. has secured a $30 million revolving credit facility, with specific stipulations tied to the management structure and shareholding of the managing entities. The loan must be fully repaid if there are significant changes in the management or ownership of Keppel Capital Holdings Pte. Ltd. or Keppel Ltd.’s stake in the REIT Manager. As of now, Keppel Pacific Oak US REIT has not triggered any of these conditions that could affect approximately $725 million in additional borrowing facilities.
For further insights into SG:CMOU stock, check out TipRanks’ Stock Analysis page.