Mapletree Commercial (SG:N2IU) has released an update.
Mapletree Pan Asia Commercial Trust (MPACT), managed by MPACT Management Ltd., has secured a S$130 million term loan aimed at refinancing existing debt. Conditions attached to the loan include potential mandatory prepayment if the management changes without lender consent or does not follow stipulated replacement procedures. The total debt exposure, including this facility, could reach approximately S$6.65 billion, not accounting for interest or non-recourse loans in joint ventures.
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