Keppel Pacific Oak US REIT (SG:CMOU) has released an update.
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Keppel Pacific Oak US REIT has secured a US$50 million term loan facility with specific conditions linked to changes in management or ownership. If these conditions trigger, it could lead to a mandatory prepayment and potentially affect other borrowings amounting to approximately US$790 million. Currently, no conditions have been breached, ensuring stability in their financial operations.
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