
CapitaLand Ascendas REIT subsidiary secures US$280m revolving credit facility
The news follows its acquisition of a US logistic property asset from DHL USA.
CapitaLand Ascendas REIT’s manager has announced that the group’s wholly-owned subsidiary Ascendas US REIT LLC has secured as secured a $378.31m (US$280m) committed revolving credit facility maturing in 2030.
The news follows Capitaland Ascendas REIT’s $150.3m acquisition of DHL Indianapolis Logistics Center from DHIL USA.
The subsidiary has approximately $6.6b outstanding borrowings.