AIMS APAC REIT (SGX:O5RU) signed a second unsecured sustainability-linked loan facility agreement for loan facilities worth SG$450 million and AU$160 million, according to a Wednesday filing with the Singapore Exchange.
Shares of the REIT were up nearly 2% in recent trade.
The agreement includes mandatory prepayment triggers that could activate if the REIT's current manager, Aims APAC REIT Management, ceases to be the REIT's manager without lender approval or Great World Financial Group decreases its 50.1% controlling stake in the manager.
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