Keppel REIT's (SGX:K71U) subsidiary, Keppel REIT Fin. Company, secured term loan and revolving credit facilities worth AU$135 million, according to a Wednesday filing with the Singapore Exchange.
The facilities contain a change of control condition which requires the borrower to prepay all outstanding loans within 30 business days if Keppel REIT Management ceases to be the manager and is not replaced by a subsidiary of Keppel Capital Holdings.
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