- 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 -
- 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/.
LOCK Mun Yee CGS-CIMB Research | Natalie ONG CGS-CIMB Research | https://www.cgs-cimb.com 2022-11-09
Read also CGS-CIMB's most recent report:
2023-08-07 Elite Commercial REIT - Improving Portfolio Resiliency.
Previous report by CGS-CIMB:
2023-02-15 Elite Commercial REIT - Dragged By Higher Funding Costs.
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 Dividends & Corporate Actions,
Elite Commercial REIT News Articles
