Additionally, the conditions include the event that the replacement of the trustee-manager is not a direct or indirect wholly-owned subsidiary of Keppel Capital Holdings.
Keppel Infrastructure Trust (KIT) has entered into a $75 million loan facility, according to an Oct 29 bourse filing.
The facility contains conditions where a mandatory prepayment event may occur if the trustee-manager of KIT resigns or is removed as a manager and if the replacement manager is not appointed in accordance with the terms of the trust deed constituting MPACT.
