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MPACT Secures HK$600 Million Facility to Refinance Debt

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MPACT Secures HK$600 Million Facility to Refinance Debt

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Mapletree Commercial ( (SG:N2IU) ) has issued an announcement.

MPACT Management Ltd., manager of Mapletree Pan Asia Commercial Trust (MPACT), has entered into a HK$600 million facility agreement guaranteed by DBS Trustee Limited. This agreement contains conditions that could trigger a mandatory prepayment event if specific managerial changes occur without lender consent. The facility aims to refinance MPACT’s existing borrowings, potentially affecting S$5,972.7 million in loans if fully utilized.

More about Mapletree Commercial

YTD Price Performance: -0.80%

Average Trading Volume: 28,912

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $4.63B

See more data about N2IU stock on TipRanks’ Stock Analysis page.

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