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BRIEF-Keppel Infrastructure Trust updates on project financing of a unit

Published 18/07/2016, 09:31 pm
© Reuters.  BRIEF-Keppel Infrastructure Trust updates on project financing of a unit
KEPL
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July 18 (Reuters) - Keppel Infrastructure Trust KEPL.SI :

* As of date of this announcement, borrower and financiers are still in discussions to work towards agreeing a long term financing plan

* Insurer confirmed that physical loss and damage to cable as well as time element loss arising from incident are insurable

* Refers to announcement regarding taking out of services of unit due to a subsea cable fault on 20 December 2015

* Premier finance trust Australia was unable to meet the minimum debt service coverage ratio under the project financing

* Says borrower remains current on debt and all outstanding payments under project financing have been fulfilled

* Project financing not expected to have material financial impact on distributions per unit of kit for year ended December 31

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