Parkway Life REIT secures new facility with S$887 million at risk if key conditions breached
SGX Filings
Feb 20
Parkway Life Real Estate Investment Trust has entered into a new facility agreement on Feb, 20 2026 through its trustee, HSBC Institutional Trust Services (Singapore) Limited, to refinance existing bank borrowings.
The agreement requires the outstanding loan to be prepaid if Parkway Trust Management Limited resigns or is removed as manager, or if Parkway Holdings Limited’s stake in the manager falls below 51 percent and revised terms are not reached within 60 days.
No prepayment events have occurred to date. Approximately 887.0 million Singapore dollars of facilities could be affected should the specified conditions be breached, excluding any undrawn commitments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.