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EC World REIT successfully extends maturity date of outstanding facilities, manager reiterates

Khairani Afifi Noordin
Khairani Afifi Noordin7/6/2022 06:03 PM GMT+08  • 3 min read
EC World REIT successfully extends maturity date of outstanding facilities, manager reiterates
For the repayment of at least 25% of the facilities by December 31, 2022, the manager is exploring various fund-raising options.
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EC World Reit (ECW) has successfully extended the maturity date of the outstanding onshore and offshore facilities to April 31, 2023, obtaining sufficient time to complete the ongoing refinancing exercise, its manager announced.

Noting the recent market trends, the manager’s executive director and CEO Goh Toh Sim stresses that the economic fundamentals of ECW remain strong and resilient.

For the repayment of at least 25% of the facilities by December 31, 2022, the manager is exploring various fund-raising options including the potential divestments of non-core assets.

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