Centurion Accommodation REIT Secures AUD145 Million Financing for Acquisition
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Centurion Accommodation REIT has secured AUD145 million in financing, including a three-year AUD140 million term facility and an AUD5 million revolving credit facility, to acquire Epiisod Macquarie Park and support working capital and capital expenditure. The financial obligations are guaranteed by Perpetual (Asia) Limited and Centurion REIT Australia Pty Ltd. A mandatory prepayment event may occur if management changes or Centurion Corporation Limited loses control. The stock is rated as a Buy with a S$1.27 price target.
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