Keppel Infrastructure Trust clinches $50m loan facility

The facility is a multi-currency money market line.

Keppel Infrastructure Trust has secured a $50 million multi-currency money market line on June 27, its trustee-manager Keppel Infrastructure Fund Management said in a statement.

Under the terms and conditions of the loan facility deal, the lender may cancel the total commitments and/or declare that all or part of the outstanding loans to be payable if KIFM ceases to be a wholly-owned subsidiary of Keppel Corporation.

If KIFM ceases to be a subsidiary of Keppel and causes a cross default under the other borrowings of KIT, the aggregate level of facilities which may be affected is estimated to be approximately $960 million.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!