Keppel Infrastructure Trust bags $75m credit facility

The facility sets two conditions.

Keppel Infrastructure Trust (KIT) obtained a $75m revolving credit facility.

Under the facility terms, KIT must repay all outstanding loans if its trustee-manager is no longer wholly owned by Keppel Capital Holdings (KCHPL) and/or Keppel (KL), and a replacement trustee-manager also wholly owned by KCHPL and/or KL is not appointed per the trust deed and applicable law.

The facility also provides that should the trustee-manager step down or cannot serve, KIT must appoint a wholly-owned KCHPL or KL entity under its trust deed and legal terms.

If any of these events occur, requiring KIT to repay all outstanding loans under the facility, it could trigger a cross-default on other borrowings, affecting approximately $1.3b in facilities, excluding interest and fees.

Follow the link for more news on

Keppel Infrastructure Trust

Also Read

Payment performance improves slightly in Q1

UOB injects $103m to double Vietnam capital since 2021

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!

I want to download the media kit