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Mapletree Logistics ( (SG:M44U) ) has provided an update.
Mapletree Logistics Trust has disclosed that one of its subsidiaries has entered into a new loan facility that includes change-of-control and management-related conditions similar to those embedded in its existing debt arrangements. These covenants require that Mapletree Logistics Trust Management Ltd remain the manager of the trust and that the manager continue to be a wholly or majority-owned subsidiary of sponsor Mapletree Investments, failing which lenders and noteholders would be entitled to cancel commitments and/or demand prepayment on affected facilities totalling about S$5.67 billion. The trust reported that there has been no breach of these conditions to date, underscoring the importance of stable sponsorship and management control for maintaining its financing arrangements and overall capital structure.
The most recent analyst rating on (SG:M44U) stock is a Hold with a S$1.50 price target. To see the full list of analyst forecasts on Mapletree Logistics stock, see the SG:M44U Stock Forecast page.
More about Mapletree Logistics
Mapletree Logistics Trust is a Singapore-based real estate investment trust focused on logistics and industrial properties across Asia-Pacific, managed by Mapletree Logistics Trust Management Ltd, a subsidiary of sponsor Mapletree Investments Pte Ltd.
Average Trading Volume: 11,043,297
Technical Sentiment Signal: Buy
Current Market Cap: S$6.94B
See more insights into M44U stock on TipRanks’ Stock Analysis page.