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- Release Date: 27/03/13 17:42
- Summary: GENERAL: GMT: GMT Completes Debt Consolidation
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GMT
27/03/2013 15:42
GENERAL
REL: 1542 HRS Goodman Property Trust
GENERAL: GMT: GMT Completes Debt Consolidation
Goodman (NZ) Limited, the manager of Goodman Property Trust ("GMT" or
"Trust") is pleased to announce that the Trust's bank facilities have been
consolidated and refinanced.
The debt restructuring and refinancing, amalgamating three previous
standalone facilities, increases the size of Trust's main bank facility to
$600 million and extends the tenor of its total debt facilities out to 3.2
years.
The new expanded facility incorporates market leading terms and highly
competitive pricing.
Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, "One of the
benefits of the Highbrook acquisitions undertaken in December 2012 was the
greater flexibility it provided in managing the Trust's sources of capital.
We are extremely pleased with the significant savings that have been achieved
by consolidating the debt of the Highbrook and Show Place investments."
For further information please contact:
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
Attachments provided to NZX:
Attachments: Appendix A - GMT Debt Expiry Profile
End CA:00234633 For:GMT Type:GENERAL Time:2013-03-27 15:42:08
