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 refinanced on competitive new terms.
Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, “We are extremely pleased to have refinanced our lending facilities with the existing banking syndicate. With a combination of bank debt, wholesale bonds, retail bonds and US Private Placement issuance, GMT now has a very diverse debt book with bank borrowings making up less than 50% of drawn debt.”
Following the refinancing activity GMT’s debt facilities have a weighted average term of 5.2 years. An updated maturity profile is attached as an appendix to this announcement.