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Keppel DC REIT enters $100 mil loan facility

Ashley Lo
Ashley Lo • 1 min read
Keppel DC REIT enters $100 mil loan facility
The facility was guaranteed by the REIT’s trustee, Perpetual (Asia) Limited. Photo: Keppel
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Keppel DC REIT (KDC) has entered into a $100 million revolving loan facility, according to a Dec 19 bourse filing. 

The facility was guaranteed by the REIT’s trustee, Perpetual (Asia) Limited.  

Additionally, the facility contains conditions where a mandatory prepayment event may occur if the manager of KDC ceases to be a direct or indirect subsidiary of Keppel.  

Should the prepayment event occur, the aggregate level of utilised and unutilised facilities that may be affected stands at approximately $ 2,092.8 million as at Dec 19.  

Units in Keppel DC REIT closed 1 cent lower, or down 0.47%, at $2.14 on Dec 19. 

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