Keppel DC REIT unit obtains 5-year loan facility of $78.76m

KDCRFC is set to pre-pay the loan in the case of an agreement breach.

Keppel DC REIT Fin. Company (KDCRFC), a wholly-owned subsidiary of Keppel DC REIT, entered into a facility agreement to obtain a five-year loan facility of $78.76m (EUR 50m), according to an announcement.

Under the deal, KDCRFC will be ordered to pre-pay any outstanding loans should the manager of Keppel DC REIT, Keppel DC REIT Management ceases to be a subsidiary of Keppel Corporation.

In the event of an agreement breach, an aggregate level of facilities amounting to $1.14b will be affected.

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