Keppel Pacific Oak US REIT has obtained a loan facility worth US$115 million ($147.55 million).
The REIT will be required to pay all outstanding loans under the facility within 10 business days in the event that the manager of the REIT ceases to be the manager, or if Keppel and its subsidiaries cease to collectively, directly or indirectly own all the issued share capital of the manager.
The REIT has not specified what the loan facility will be used for.
Units in Keppel Pacific Oak US REIT closed flat at 23.5 cents on Dec 30.
