News: GPT Dexus And DWPF Acquire Remaining Interest In MLC Centre

March 12 (Reuters) - Dexus (DXS) :

• DEXUS AND DWPF ACQUIRE REMAINING INTEREST IN MLC CENTRE, SYDNEY
• DEAL FOR FOR A TOTAL PRICE OF A$800.0 MILLION
• ACQUISITION OF REMAINING INTEREST PROVIDES DEXUS WITH FULL MANAGEMENT AND OPERATIONAL CONTROL
• DEXUS TO FUND ITS SHARE THROUGH DEBT & LAUNCH A UNDERWRITTEN OFFERING OF A$425 MILLION GUARANTEED EXCHANGEABLE NOTES DUE JUNE 2026
• POST-ACQUISITION DEXUS'S PRO FORMA GEARING IS EXPECTED TO INCREASE BY 90 BASIS POINTS TO 24.6%
• ACQUISITION IS EXPECTED TO HAVE AN IMMATERIAL IMPACT ON DISTRIBUTIONS IN FY19
• DEXUS MAINTAINS ITS FY19 GUIDANCE OF DISTRIBUTION PER SECURITY GROWTH OF CIRCA 5%

Source text: (http//bit.ly/2VPUK3f)

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