KDCR Tokyo 2 TMK, a subsidiary of Keppel DC REIT, has obtained a JPY11 billion ($92.3 million) term loan facility and JPY7.48 billion consumption tax loan facility.
The REIT’s subsidiary also issued JPY44 billion worth of bonds in line with Keppel DC REIT’s green financing framework.
The debt facilities are guaranteed by the REIT’s trustee, Perpetual (Asia), under agreements dated Nov 17.
The borrower will have to pay all of its outstanding loans and redeem its outstanding bonds within 10 business days should the manager cease to be a subsidiary of the REIT.
Should the REIT be required to do so, it will have to pay a total of $3.19 billion in total as at Nov 17.
Units in Keppel DC REIT closed 1 cent lower or 0.42% down at $2.36 on Nov 17.
