Thursday 12th May 2011 |
Text too small? |
Listed commercial property investor AMP NZ Office (ANZO) says it has secured a new $400 million bank debt facility.
It would replace its existing $342.5 million facility, most of which was due to expire later this year, ANZO said today.
The funding was provided by ANZ, which was also the facility agent, ASB Institutional and BNZ, with equal participation from all three banks.
The new facility provided sufficient funding for all ANZO's committed capital projects, including the estimated $76 million redevelopment of the ANZ Centre, ANZO said.
The weighted average term to expiry of ANZO's funding was extended from 0.8 to 3.6 years with laddered maturities improving the rollover profile, ANZO said.
NZPA
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024