Prime US REIT (SG:OXMU) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Prime US REIT is nearing the completion of refinancing its substantial $600 million credit facilities, but has agreed to extend the current facility’s maturity to August 19, 2024, at the request of one of the syndicate lenders needing more time for internal documentation. The company has assured stakeholders that a follow-up announcement will be made once the refinancing is finalized. This financial maneuver is aimed at optimizing the REIT’s capital structure and maintaining liquidity.
For further insights into SG:OXMU stock, check out TipRanks’ Stock Analysis page.