Prime US REIT (SG:OXMU) has released an update.
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Prime US REIT has successfully secured a substantial credit facility totaling $550 million, which includes both a term loan and a revolving credit facility, aimed at refinancing existing debt and covering various financial needs such as capital expenditures and working capital. The agreement features an initial maturity in July 2026, with an option to extend to July 2027, and is contingent upon certain conditions. A change in the control of the REIT’s management or ownership structure could trigger a default under the terms of the agreement.
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