GMT Secures New 5 Year Debt Funding | New Zealand
You are accessing the Global Goodman site. Are you looking for your local Goodman site?

GMT Secures New 5 Year Debt Funding

Monday, 9 January 2012

Goodman (NZ) Limited, the Manager of Goodman Property Trust (“GMT” or “Trust”) is pleased to announce further refinancing activity with the amalgamation and extension of the bank facilities for its Viaduct Corporate Centre joint venture.

The $52.0 million facility, which was due to expire in February 2015, has been extended to December 2016 on new terms with Westpac New Zealand Limited.

Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, “Extending the term of this facility allows us to take advantage of the competitive pricing environment that currently exists, improving the expiry profile and overall tenor of the Trust’s debt facilities.”

The average remaining term across all the Trust’s debt facilities is now 3.3 years.

Attachments: Appendix A – GMT Debt Expiry Profile

Click here to download.