Keppel Infrastructure Trust locks $100m loan agreement
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Keppel Infrastructure Trust (KIT) has secured a $100 million loan facility and $75.4 million in uncommitted revolving credit and bank guarantee facilities. The loan terms stipulate that if Keppel Infrastructure Fund Management (KIFM) loses its ownership by Keppel Capital Holdings or Keppel Ltd, or if it resigns or is removed without a replacement, it could trigger cross-default provisions on other borrowings totaling approximately $1.56 billion. The announcement highlights the financial strategies and risks associated with the trust's management.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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