Mapletree Commercial (SG:N2IU) has released an update.
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Mapletree Pan Asia Commercial Trust (MPACT) has secured a HK$1,000,000,000 term loan facility, backed by a guarantee from DBS Trustee Limited. This financial move, aimed at refinancing existing debt, could be subject to mandatory prepayment should certain management changes occur without lender consent. The potential prepayment could impact approximately S$5.91 billion of MPACT’s borrowings.
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