Keppel Infrastructure Trust secures S$100 million loan facility
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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.
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