ANNOUNCEMENT IN RELATION TO PRIME’S US$600 MILLION CREDIT FACILITIES
Prime US REIT Management Pte. Ltd., as manager of Prime US REIT (“PRIME”, and the manager of PRIME, the “Manager”), refers to PRIME’s US$600 million credit facilities (the “Facility”). The Manager is in the final legal documentation stage for the refinancing of the Facility and one of the four lenders in the syndicate has requested additional time to finalise their internal documentation for the refinancing. In this regard, the administrative agent (acting on behalf of all the lenders) has recommended, and the Manager and all the lenders have agreed to amend the maturity date of the current Facility to 19 August 2024 to facilitate this request. The Manager would make another announcement once the Facility has been refinanced.
https://investor.primeusreit.com/news.html/id/2502029
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