Prime US REIT (OXMU) said it has extended the maturities of two loans with a combined principal of about 832.9 million Singapore dollars.
The maturity of a 742.5 million Singapore dollar credit facility granted to wholly owned unit Prime US-Lower Tier, LLC has been pushed back to Oct, 16 2026. Separately, a 90.4 million Singapore dollar loan to Prime US-Sorrento Towers, LLC will now mature on Oct, 20 2026.
The manager said the extensions provide additional time to arrange longer-term financing to replace the existing debt structure.
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.