Prime US REIT Utilizes Private Placement Proceeds

MT Newswires

2025/10/13

Prime US REIT (SGX:OXMU) said it has utilized proceeds from a private placement that raised gross proceeds of $25 million, according to a Friday filing with the Singapore Exchange.

Shares of the REIT were down over 1% in Monday trading.

The trust utilized $23.8 million for debt repayment purposes and around $600,000 to pay estimated fees and expenses in connection with the placement.

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