GMT goodman property trust (ns)

Ann: GENERAL: GMT: Viaduct Joint Venture Refinancing

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    • Release Date: 19/10/15 12:07
    • Summary: GENERAL: GMT: Viaduct Joint Venture Refinancing
    • Price Sensitive: No
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    					GMT
    19/10/2015 12:07
    GENERAL
    PRICE SENSITIVE
    REL: 1207 HRS Goodman Property Trust
    
    GENERAL: GMT: Viaduct Joint Venture Refinancing
    
    Goodman (NZ) Limited, the manager of Goodman Property Trust ("GMT" or
    "Trust") is pleased to announce the refinancing of its Viaduct joint venture
    on very competitive new terms.
    
    Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, "We are
    extremely pleased to have refinanced our borrowing facility with Westpac.
    Westpac continue to show their strong support for the investment partnership
    with GIC and the broader GMT business."
    
    The debt facilities of Wynyard Precinct Holdings Limited will have a weighted
    average term of 3.3 years following the refinancing. The expiry profile
    provides certainty with long-term funding and also facilitates the settlement
    of the Fonterra head office acquisition early in 2016.
    
    For more information please call:
    Andy Eakin
    Chief Financial Officer
    Goodman (NZ) Limited
    (09) 375 6077
    (021) 305 316
    End CA:00271936 For:GMT    Type:GENERAL    Time:2015-10-19 12:07:15
    				
 
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