US Masters Residential Property Fund Amends Term Loan Facility
Key points
- Interest rate on term loan increased from 4.0% to 6.0% per annum
- Amendment fee of 0.125% applies to outstanding principal balance
- Maturity date of term loan extended to 31 December 2026
Full summary
US Masters Residential Property Group has announced that it has agreed to an amendment to its existing term loan facility. Under the terms of the amendment, the interest rate applicable to the term loan will increase from 4.0% per annum to 6.0% per annum, effective 1 January 2026. Additionally, an amendment fee of 0.125% will apply to the outstanding principal balance, and the maturity date of the term loan has been extended to 31 December 2026. The Board of Directors considers that the amendment provides the Group with continued capital management flexibility, and all other material terms of the loan facility remain unchanged.
Guidance
The Group has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance.
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