US Masters Residential Property Group: Strategic Loan Covenant Amendment

US Masters Residential Property Group (ASX: URF), a stapled entity comprising US Masters Residential Property Fund and Fund II, has successfully executed an amendment to its Tangible Net Worth (TNW) Covenant as of 3 May 2025. This adjustment, agreed with lender Global Atlantic and aligned with the Group’s ongoing asset sales strategy, significantly reduces the TNW requirement from US$250 million to US$104.5 million. The new arrangement allows the TNW Covenant to decrease proportionally with the outstanding principal loan balance, enhancing financial flexibility amid strategic realignments. This move, first referenced during the Chair’s address on 3 April 2025, reflects proactive capital management aimed at optimizing balance sheet strength.

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