In a bourse filing, the manager said that the facility contains conditions where mandatory prepayment events may occur.
This includes the resignation or removal of the manager of MPACT without the prior consent of the facility lender; replacement manager not appointed in accordance with the terms of the trust deed constituting MPACT and or the replacement manager is not a direct or indirect wholly-owned subsidiary of Mapletree Investments.
Should any prepayment occur, the aggregate level of facility and existing borrowings of MPACT that may be affected is about $6,077.1 million excluding interest.
Units in MPACT closed 1 cent higher or 0.806% up at $1.25 on March 19.
