Specialty Chemicals(IN30228.SG)

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Specialty Chemicals
IN30228.SG
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Keppel Infrastructure Trust locks $100m loan agreement

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.

Singapore Business Review·
SG
A7RU
+1.94%
Singapore Business Review·
SG
A7RU
+1.94%

Stocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat

On January 27, several companies in Singapore reported significant developments affecting their stock trading. ST Engineering announced a contract for next-gen Infantry Fighting Vehicles, with shares rising 0.4% to S$9.40. Mapletree Logistics Trust's DPU fell 9.3%, leading to a 0.7% drop in units to S$1.35. Keppel Infrastructure Trust secured a S$100 million loan, with units closing flat at S$0.515. OUE Reit reported a 10.6% increase in DPU, but units fell 1.4% to S$0.365. Low Keng Huat is set for privatization after securing 93.84% of shares, ending flat at S$0.78.

Businesstimes News·
SG
M44U
-0.73%
SG
S63
+1.27%
SG
A7RU
+1.94%
Businesstimes News·
SG
M44U
-0.73%
SG
S63
+1.27%
SG
A7RU
+1.94%

Keppel Infrastructure Trust obtains a credit line of 100 million yuan | Lianhe Zaobao

Keppel Infrastructure Trust has obtained a SGD 100 million credit facility and a EUR 50 million uncommitted revolving credit and bank guarantee credit facility. The financing arrangement requires the trust management company to be wholly owned by Keppel Capital or Keppel Corporation. If there is a change in control or the management company resigns without appointing a qualified successor, the outstanding loans may become immediately due, which could trigger cross-defaults. The management company stated that no such events have occurred to date. The stock price remains at SGD 0.515

Zaobao·
SG
BN4
-0.27%
SG
A7RU
+1.94%
Zaobao·
SG
BN4
-0.27%
SG
A7RU
+1.94%

Keppel Infrastructure Trust secures S$100 million loan facility

Keppel Infrastructure Trust (KIT) has secured a S$100 million loan facility and 50 million euros in uncommitted revolving credit and banker’s guarantee facilities. These loans require KIT’s trustee-manager to remain wholly owned by Keppel Capital and/or Keppel, with immediate repayment possible if ownership changes or if the trustee-manager steps down without a qualified replacement. No such events have occurred. KIT is also expanding into digital infrastructure with the proposed acquisition of Global Marine Group for S$119 million. KIT units closed at S$0.515 on Monday.

Businesstimes News·
SG
BN4
-0.27%
SG
A7RU
+1.94%
Businesstimes News·
SG
BN4
-0.27%
SG
A7RU
+1.94%

Matex International Says Ascentas Capital Management, Others To Provide Funds Of S$4.2 Mln

Matex International Ltd :ASCENTAS CAPITAL MANAGEMENT, OTHERS TO PROVIDE FUNDS OF S$4.2 MILLIONFUNDS TO BE PROVIDED BY SUBSCRIBING FOR CONVERTIBLE NOTESTO ISSUE TO ASCENTAS CAPITAL MANAGEMENT, LI BAOHUA S$4.2 MILLION UNSECURED CONVERTIBLE NOTES

Reuters·
SG
M15
0.00%
Reuters·
SG
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0.00%
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