It will be interesting to see what is said at the Unitholder Briefing on 10 December. I won't be there, but if anyone HCers are going it would be great if you could post a quick summary... Thanks in advance.
It was great to see the longer than expected maturity date extension on the Bison CMBS Loan. Now management need to work on; Revolver property facility (US$229.0 million) & Head Trust loan and liabilities (US$86.6 million) both of which have maturity dates which will lapse on or before 30 June 2010 - as at June 09 we were in breach of the LVR covenants. With both Orbis & CBA having a substantial holding, I'm confident that both of these debt facilities will be extended or renegotiated.
At 10 - 10.5c I can't resist increasing my position in MDT. I strongly believe in the company's management & attractive asset portfolio. There are very exciting times ahead... even for a REIT!!
Good luck to all.
Cheers.
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