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PR Newswire
12-08-2024, 04:04 PM
https://links.sgx.com/FileOpen/Prime%20U...T%20-%20US$550M%20Credit%20Facility%2012Aug2024.ashx?App=Announcement&FileID=814997
It does seem it was the US banks who were slow in wanting to earn more money from PRIME.
Refinancing has been signed for maturity for July 2026 with option to extend to 2027. The new facility is for US$550 million and the current drawdown is US$504 million. In a sense, the REIT's financial status is now safe as long as it does not breach the 50% leverage ratio
It does seem it was the US banks who were slow in wanting to earn more money from PRIME.
Refinancing has been signed for maturity for July 2026 with option to extend to 2027. The new facility is for US$550 million and the current drawdown is US$504 million. In a sense, the REIT's financial status is now safe as long as it does not breach the 50% leverage ratio