CapitaLand Ascendas REIT Management Limited, as manager of CapitaLand Ascendas REIT, said on Sep, 15 2026 that The Trust Company (Australia) Limited, acting as trustee of Ascendas Logistics Trust, has obtained term and revolving credit facilities totaling approximately A$564.34 million, which mature in 2031.

The obligations under the new facilities are guaranteed by HSBC Institutional Trust Services (Singapore) Limited in its capacity as trustee of CapitaLand Ascendas REIT.

Loan documentation states that a change of manager without the prompt appointment of a replacement would constitute an event of default. If that occurs and outstanding sums are unpaid, cross-default provisions could be triggered across CapitaLand Ascendas REIT’s other debt facilities, potentially affecting about 8.3 billion Singapore dollars in borrowings.

The manager confirmed that no such default event has occurred to date.