Should there be a change in any of the following events, the lender will require the full repayment of the facility agreement by FEHT.
Far East Hospitality REIT (FEHT) has entered into a JPY2.4 billion ($22 million) sustainability-linked facility agreement with an institutional bank on Apr 16, according to a bourse filing.
The facility agreement contains conditions which make references to the shareholding interest of its controlling stapled securityholders and place restrictions on a change in the manager of FEHT and a change in ownership of the REIT manager.
