Strategic Entry into Japan's Data Centre Market
Pro Forma Financing
Post-acquisition, MIT's pro forma aggregate leverage increases from 37.4% to 38.7%1
Funding Requirements
Effective Consideration²
S$500.1m
For Illustrative Purposes
Total S$505.9m
=
mapletree
Equity
S$195.7m
Net proceeds from Private Placement
Transaction Cost³
S$0.8m
Acquisition Fee4
S$5.0m
S$310.2m
MIT Total Acquisition Outlay
S$505.9m
Total Funding
Sources
industrial
Net Additional Debt
+ New JPY loan providing natural FX hedge
(S$505.9m)
Refinancing of existing debt
1
As at 31 Mar 2023. In accordance with Property Funds Guidelines, the aggregate leverage ratio includes proportionate share of borrowings of the joint ventures and deposited
property values.
2 Based on MIT's proportional share (98.47%) of the Purchase Consideration.
3
4
Refers to the estimated professional and other fees and expenses to be incurred by MIT in connection with the Proposed Acquisition.
Refers to 1.0% of the Effective Consideration.
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