Keppel to acquire loan facilities from Perpetual Asia
The facilities are valued at approximately $1.57b, excluding interest and fees.
Keppel DC Reit announced that its subsidiary, Keppel DC REIT Fin. Company (KDCRFC), is slated to acquire two loan facilities from Perpetual Asia Ltd.
Each acquisition contains a condition that includes a reference to the change in the shareholding of Keppel DC REIT.
The first loan facility was valued at $62.41b (EUR39.34m), with the second one being pegged at $67.49m (£36.4m). Both were given a six-year revolving credit facility.
In the event that Keppel DC REIT ceases to become the manager of KDCRFC, the latter has to prepay any outstanding loans within 10 business days.
The aggregate level of facilities, given these conditions, currently stands at an estimated $1.57b, excluding interest and fees.