CER centro retail group

2 things will keep price down , page-6

  1. 198 Posts.
    last point to my understanding would suggest no div

    ▪ Facilities of US$1.0 billion will continue as term loans with a maturity of 31 December
    2010, while maintaining an interest rate margin no greater than the rate applied under
    the extension facilities of 175 basis points.
    ▪ A new facility of US$370 million has been provided to Super by the existing US lenders
    with a maturity of 31 December 2010. This new facility will be used primarily for the
    repayment of indebtedness including expiring debt maturities and will provide additional
    operational liquidity. The margin on this facility of 375bps is consistent with previously
    announced liquidity facilities.
    ▪ For the term of the Super facilities, all income distributions from Super are restricted.
 
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