The manager of Keppel Infrastructure Trust A7RU (KIT) has announced it has obtained a $50 million term loan facility on Dec 6.
The agreement contains the caveat that all outstanding loans will have to be repaid immediately should the manager cease to be wholly-owned by Keppel Capital Holdings (KCH) or Keppel Corporation BN4 and should an entity that is not wholly-owned by KCH or Keppel be appointed as its replacement.
The same condition applies should the manager of KIT cease to act as the trustee-manager of KIT.
Units in KIT closed 0.5 cents higher or 1.06% up at 47.5 cents on Dec 6.
