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Prime US REIT, a Singapore REIT with the principal investment strategy of investing, directly or indirectly, in stabilized income-producing office assets in the United States, and KBS announced the completion of a major refinancing for the Prime US REIT portfolio. The new agreement has an aggregate principal amount of $550 million, comprising a $400 million term loan facility and a $150 million committed revolving credit facility. Prime US REIT trades on the Singapore Exchange Securities Trading Limited ticker as: OXMU. KBS serves as the U.S.-based asset manager for the portfolio, which includes helping to negotiate the credit facility. Prime US REIT’s portfolio consists of well-located class A assets with highly desirable amenities.