MPACT Management Ltd., as manager of Mapletree Pan Asia Commercial Trust, announced that MPACT and its wholly-owned subsidiaries have entered into term loan and revolving credit facilities in an aggregate principal amount of SGD 600,000,000. The Facilities are guaranteed by DBS Trustee Limited in its capacity as trustee of MPACT when utilised by its wholly owned subsidiaries. For purpose of disclosure under Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Facilities contain conditions where a mandatory prepayment event may occur if: the Manager resigns or is removed as a manager of MPACT without the prior consent in writing of the lender of the Facilities; the replacement manager is not appointed in accordance with the terms of the trust deed constituting MPACT; and/or the Manager or the replacement manager is not a direct or indirect wholly-owned subsidiary of Mapletree Investments Pte Ltd, sponsor of MPACT.

Should any Prepayment Event occur, the aggregate level of the Facilities (assuming the Facilities are fully drawn) and existing outstanding borrowings of MPACT that may be affected is approximately SGD 6,726.4 million (excluding interest).