(in its capacity as Trustee-Manager of Keppel Infrastructure Trust) (Co Reg No: 20080359H)
1 HarbourFront Avenue
#06-09 Keppel Bay Tower Singapore 098632
Tel: (65) 6499 0599
Fax: (65) 62651953
Website: www.kepinfratrust.com
LOAN FACILITY OBTAINED BY KEPPEL INFRASTRUCTURE FUND MANAGEMENT PTE LTD (IN ITS CAPACITY AS TRUSTEE-MANAGER OF KEPPEL INFRASTRUCTURE TRUST)The Board of Directors of Keppel Infrastructure Fund Management Pte Ltd ("KIFM"), in its capacity as trustee-manager of Keppel Infrastructure Trust ("KIT"), wishes to announce that KIT has obtained the Loan Facility (as defined below).
A condition in the Loan Facility makes reference to the shareholding interests in KIFM. A description of the relevant condition is set out below:
Facilities | Relevant Condition |
A S$50 million multicurrency Money Market Line obtained by KIT as borrower ("Loan Facility") on 27 June 2016. | Under the terms and conditions of the Loan Facility agreement, the lender may by notice to KIT as borrower cancel the total commitments and/or declare that all or part of the outstanding loans be payable, if KIFM ceases to be (directly or indirectly) a wholly-owned subsidiary of Keppel Corporation Limited ("KCL"). |
Assuming (i) KIFM ceases to be (directly or indirectly) a wholly-owned subsidiary of KCL, and (ii) such event was to cause a cross default under other borrowings of the KIT group, the aggregate level of facilities that may be affected is estimated to be, as at the date of this announcement, approximately S$960 million (excluding interest and fees).
As at the date of this announcement, the aforesaid condition has not been breached.
BY ORDER OF THE BOARD
Keppel Infrastructure Fund Management Pte. Ltd. (Company Registration Number: 200803959H)
As Trustee-Manager of Keppel Infrastructure Trust
Ng Wai Hong / Winnie Mak Company Secretaries
28 June 2016
Keppel Infrastructure Trust is a business trust constituted by a trust deed dated 05 January 2007 under the laws of Singapore. Business Trust Registration Number 2007001
Keppel Corporation Ltd. published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2016 00:55:05 UTC.
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