CapitaLand Ascendas REIT subsidiary secures US$280m revolving credit facility

The news follows its acquisition of a US logistic property asset from DHL USA.

CapitaLand Ascendas REIT’s manager has announced that the group’s wholly-owned subsidiary Ascendas US REIT LLC has secured as secured a $378.31m (US$280m) committed revolving credit facility maturing in 2030.

The news follows Capitaland Ascendas REIT’s $150.3m acquisition of DHL Indianapolis Logistics Center from DHIL USA.

The subsidiary has approximately $6.6b outstanding borrowings.

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