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GMT Bank Debt Facility and Credit Rating

Thursday, 5 August 2021

Goodman (NZ) Limited, the manager of Goodman Property Trust (“GMT” or “Trust”) is pleased to announce that the Trust’s main bank facility has been extended and S&P Global Ratings have reaffirmed its credit rating. 

Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, “We have taken the opportunity to extend GMT’s syndicated bank facility at competitive new margins, with altered participation levels by the syndicate banks. This extension maintains a weighted average term to expiry of 4.2 years across all the Trust’s debt facilities.”  

Details of all of GMT’s debt facilities are attached as an appendix to this announcement.

In addition, S&P Global Ratings have recently reaffirmed GMT’s investment grade corporate credit rating of BBB/stable, with the Trust’s secured debt rated one notch higher at BBB+. 

For more information please call: 

Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(021) 305 316