Keppel Infrastructure Trust obtains $50m loan facility

No mandatory prepayment event has occurred as per press time.

Keppel Infrastructure Trust (KIT) has obtained a $50m multi-currency loan facility on 28 June.

Under the agreement, KIT will be required to pay all outstanding loans under the facility immediately in the event its trustee-manager– the board of the Keppel Infrastructure Fund Management– resigns, retires, is removed, or ceases to act as trustee-manager of KIT. 

The same terms apply should KIT cease to be a wholly owned entity of Keppel Capital Holdings.

As of press time no mandatory prepayment event has occurred, according to KIT. 

KIT had also clinched a $400m loan in May.