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.
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Units in Keppel REIT closed 1 cent higher or 0.8% up at $1.25 on April 29.
