EHT suspends stapled securities trading as $496.11m loans defaulted

Submitted By:  Clarist Zablan Case Study:  No Its master lessees failed to pay rent. Eagle Hospitality Trust (EHT) has voluntarily suspended the trading of its stapled securities as the firm faced a notice of default on loans amounting to $496.11m (US$341m), an SGX filing revealed. On 20 March, the trust received a notice of default and acceleration on a facilities agreement issued on behalf of Bank of America (BofA), as its master lessees failed to pay rent based on their agreement on some properties in EHT's portfolio. read more