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Starhill Global Real Estate Investment ( (SG:P40U) ) has issued an announcement.
Starhill Global Real Estate Investment Trust has secured a six-year, A$100 million unsecured sustainability-linked term loan facility to refinance existing debts and support general corporate funding needs. This refinancing is not expected to materially impact the company’s gearing. The facility agreement includes a clause that allows the lender to demand repayment if there is a change in control of the management or ownership structure, which could potentially affect facilities amounting to approximately S$1,375.4 million.
The most recent analyst rating on (SG:P40U) stock is a Buy with a S$0.68 price target. To see the full list of analyst forecasts on Starhill Global Real Estate Investment stock, see the SG:P40U Stock Forecast page.
More about Starhill Global Real Estate Investment
Starhill Global Real Estate Investment Trust operates in the real estate investment sector, focusing on managing a diversified portfolio of income-producing retail and office properties. The company primarily targets investments in prime locations across Asia-Pacific, aiming to provide stable returns to its stakeholders.
Average Trading Volume: 1,593,050
Technical Sentiment Signal: Buy
Current Market Cap: S$1.25B
Learn more about P40U stock on TipRanks’ Stock Analysis page.