MPACT Secures New Facilities Amid Managerial Stability Clause

Mapletree Commercial (SG:N2IU) has released an update.

Mapletree Pan Asia Commercial Trust (MPACT) has secured two new financial agreements totaling approximately S$288.4 million, backed by a guarantee from DBS Trustee Limited. These Facilities, subject to specific conditions, may require early repayment if managerial changes at MPACT occur without lenders’ consent or if the manager is not a Mapletree Investments Pte Ltd subsidiary. The potential repayment could impact around S$6.7 billion of MPACT’s borrowings, which are primarily for refinancing purposes.

For further insights into SG:N2IU stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.