PURE-PLAY data centre real estate investment trust (Reit) Digital Core Reit has recast US$716 million of loan facilities which will be used to refinance its existing US$703 million term loan and multicurrency revolving credit loan facilities.
The recast loan facilities will also be used for working capital and other general corporate purposes, the Reit manager announced on Wednesday (Oct 9).
The maturity dates of the loan facilities have been extended by about three years relative to existing maturity dates.
The facilities comprise a US$363 million senior unsecured multicurrency term loan facility maturing in 2030, and a 70 million euro (S$100.2 million) senior unsecured term loan facility that matures in 2029.
They also include a US$275 million senior unsecured revolving multicurrency loan facility, which matures in 2029 and has two six-month extension options.
This was upsized by US$75 million from US$200 million and structured for greater flexibility for the Reit to borrow in currency denominations of US dollars, yen, euros, Canadian dollars, Singapore dollars and pound sterling.
