Keppel REIT Fin. Company (KRFC), a wholly-owned subsidiary of Keppel REIT, has obtained a green loan facility of $120 million.
The facility is secured with a corporate guarantee by Keppel REIT’s trustee, RBC Investor Services Trust Singapore.
SEE:Keppel DC REIT to be included in FTSE EPRA/NAREIT Global Developed Index from Sept 23
Under the terms of the facility, KRFC may have to prepay any outstanding loans should the manager of Keppel REIT ceases to be 100% directly or indirectly owned by Keppel Corporation.
The aggregate level of facilities under the Keppel REIT group currently stands at $2.23 billion.
Units in Keppel REIT closed 1 cent higher or 0.8% up at $1.25 on April 29.
