Elite Commercial REIT - CGS-CIMB Research 2022-11-09: Model Update

• We update our model to pencil in Elite Commercial REIT (SGX:MXNU)’s latest debt refinancing exercise.
  • In Nov 2022, Elite Commercial REIT entered into a second supplemental agreement with Lloyds Bank Plc and CIMB Bank Bhd to extend the maturity of its existing loan facility of £94m, comprising a term loan facility of £76m and a revolving credit facility of £18m, by two years, from 25 Jan 2023 to 25 Jan 2025. There is also a further 1-year extension option from the loan maturity date, subject to certain financial covenants.
  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -
• See Elite Commercial REIT's announcement dated 04 Nov 2022 – In its 3Q22 business update, Elite Commercial REIT reported
  • Read more at SGinvestors.io.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.

Read also CGS-CIMB's most recent report:
2024-02-19 Elite Commercial REIT - Execution On Track.

Previous report by CGS-CIMB:
2023-11-07 Elite Commercial REIT - Focusing On Building Balance Sheet Strength.

Price targets by other brokers at Elite Commercial REIT Target Prices.

Listing of research reports at Elite Commercial REIT Analyst Reports.

Relevant links:
Elite Commercial REIT Share Price History,
Elite Commercial REIT Announcements,
Elite Commercial REIT Dividend Payout Dates & Corporate Actions,
Elite Commercial REIT News