Keppel REIT Secures S$100 Million Term Loan with Change-of-Control Covenants

Keppel REIT ( (SG:K71U) ) has issued an update.

Keppel REIT has secured a S$100 million term loan facility maturing on 27 February 2026 through its wholly owned subsidiary Keppel REIT Fin. Company Pte. Ltd., with HSBC Institutional Trust Services (Singapore) Limited acting as guarantor in its capacity as trustee. The loan includes clauses requiring full prepayment if Keppel REIT’s manager is replaced by a non-Keppel Ltd. subsidiary or ceases to be wholly owned by Keppel Ltd., which could, in a trigger and cross-default scenario, impact about S$2.835 billion of the group’s borrowings, though none of these conditions has occurred as of the announcement date.

The most recent analyst rating on (SG:K71U) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on Keppel REIT stock, see the SG:K71U Stock Forecast page.

More about Keppel REIT

Keppel REIT is a Singapore-listed real estate investment trust focused on owning and managing income-producing commercial real estate assets. Its portfolio typically comprises prime office properties and related assets, with financing activities and credit facilities playing a key role in supporting its capital structure and growth strategy in the regional property market.

Average Trading Volume: 13,917,707

Technical Sentiment Signal: Buy

Current Market Cap: S$4.78B

See more data about K71U stock on TipRanks’ Stock Analysis page.