TheGlobal Atlantic facility is structured as two tranches – a Term Loan of US$360million with a 5.5-year duration, and a Bridge Loan of US$70.65 million with a2-3-year duration, subject to exercising Borrower options. The Term Loan isfixed at 4% and Bridge Loan fixed at 5%.
At19 November 2020 the blended cost of debt was approximately 4.11%, and theindicative rate for the new structure (post URFHC repayments) is 4.16%. Thislocks in a cost of capital for the Fund, which has significantly improved overthe last 18-months (for comparison, at 30 June 2019 the blended cost ofinterest was 5.79%). The blended interest cost will continue to decrease toward4% as the Bridge Loan is progressively repaid.
TheGlobal Atlantic facility is structured as two tranches – a...
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $210.7M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 30.0¢ | $53.25K | 176.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 305376 | 30.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 186439 | 2 |
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| URF (ASX) Chart |