Brief: Manulife US REIT Says Restructuring Of Existing Facilities

Manulife US Real Estate Investment Trust

29/11/2023 01:13

Nov 29 (Reuters) - Manulife US Real Estate Investment
Trust  MANU.SI :
    * RESTRUCTURING OF EXISTING FACILITIES THROUGH A
RECAPITALISATION
PLAN TO REDUCE AGGREGATE LEVERAGE
    * RESTRUCTURING THROUGH FUNDING BY MANUFACTURERS LIFE
INSURANCE OF
US$235.7 MILLION
    * RESTRUCTURING THROUGH UTILISATION OF US$50.0 MILLION FROM
MANULIFE US REIT'S OWN CASH HOLDINGS
    * RESTRUCTURING BY RAISING MINIMUM AGGREGATE NET SALE
PROCEEDS OF
US$328.7 MILLION FROM ASSET DISPOSITIONS

Source text for Eikon:  ID:nSN8b3csv 
Further company coverage:  MANU.SI 

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