Mapletree Commercial (SG:N2IU) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into SG:N2IU stock, check out TipRanks’ Stock Analysis page.
