Not sure this is the smartest move. Dilute existing shareholders, paid almost 5% in fees upfront. Maybe cash flow is really bad. 

Prime US REIT Deploys Bulk Of Placement Proceeds To Repay Debt

Prime US REIT announced that it has used about 32.4 million Singapore dollars—roughly 95.2% of the 34.0 million Singapore dollars raised from its recent private placement—to reduce outstanding...
Prime US REIT Deploys Bulk Of Placement Proceeds To Repay Debt

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