News: CLW Charter Hall Long Wale REIT Will Undertake A $242 Million Equity Raising

Nov 4 (Reuters) - Charter Hall Long WALE REIT (CLW) :

• WILL UNDERTAKE A FULLY UNDERWRITTEN $242 MILLION EQUITY RAISING
• ENTERED INTO AGREEMENT TO ACQUIRE A 50% INTEREST IN THE GLASSHOUSE, SYDNEY FOR $165.7 MILLION
• REIT IS RESTRUCTURING SWAPS AT COST OF $3.1 MILLION THAT WILL RESULT IN INTEREST SAVING IN FY20
• TO ACQUIRE INTERESTS IN 2 OFFICE BUILDINGS IN MELBOURNE & MACQUARIE PARK, SYDNEY & A BUNNINGS WAREHOUSE SITE IN DARWIN
• TOTAL PROPERTY VALUATION OF ACQUISITIONS IS $331.5 MILLION
• INCREASES FY20 OPERATING EPS GUIDANCE TO 28.1 CENTS PER SECURITY, WHICH REPRESENTS 4.5% GROWTH OVER FY19 OPERATING EPS
• EQUITY RAISING WILL BE ISSUED AT A FIXED PRICE OF $5.50 PER SECURITY

Source text http//bit.ly/2oNxEj6

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