ARG
31/08/2015 16:48
GENERAL
NOT PRICE SENSITIVE
REL: 1648 HRS Argosy Property Limited
GENERAL: ARG: Argosy Restructures Banking Facility
Argosy is pleased to announce that it has restructured its syndicated bank
facility with ANZ Bank New Zealand Limited, Bank of New Zealand and the
Hongkong and Shanghai Banking Corporation on improved terms.
Following the restructure, the expiry of the first tranche ($275 million) is
30 September 2018 and the second tranche ($275 million) is 30 September 2020.
An additional tranche ($50 million) expires on 30 September 2016.
The restructured bank facility now has a weighted average of 3.8 years until
expiry.
As a result of the restructure, Argosy is receiving further margin and line
fee savings (including upfront fees and the line fee on the additional
facility) of $420,000 per annum.
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Enquiries
Peter Mence
Chief Executive Officer
Argosy Property Limited
Telephone: 09 304 3411
Email: [email protected]
Dave Fraser
Chief Financial Officer
Argosy Property Limited
Telephone: 09 304 3469
Email: [email protected]
Scott Lunny
Investor Relations Manager
Argosy Property Limited
Telephone: 09 304 3426
Email: [email protected]
End CA:00269397 For:ARG Type:GENERAL Time:2015-08-31 16:48:05
