Stoneweg EREIT (SGX:SET) completed the final leg in balance sheet optimization program and secured a five-year 85 million euros unsecured facility with a conditional accordion capacity of up to 185 million euros, according to a Thursday filing with the Singapore Exchange.
The loan facility has a 48-month tenor from the first utilization, with an option to extend its maturity by up to 12 months.
This means that the REIT has no debt maturing until 2030.
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