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ASPEN GROUP — Capital/Financing Update 2013
Mar 26, 2013
64404_rns_2013-03-26_738ca45f-44b1-4da7-a513-065bc44d7056.pdf
Capital/Financing Update
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----- Start of picture text ----- Aspen Group LimitedABN 50 004 160 927----- End of picture text -----
Aspen Property Trust ARSN 104 807 767 Level 3, Newspaper House 129 St Georges Terrace, Perth Western Australia, 6000
Telephone: 08 9220 8400 Facsimile: 08 9220 8401
Email: [email protected]
MARKET RELEASE
ASX ANNOUNCEMENT 27 March 2013
Extension of core debt facilities
Aspen is pleased to advise that it has secured the extension of its $120 million core debt facility with National Australia Bank.
The key change to the existing facility is an extension of the facility maturity date by eighteen months to 31 August 2015, while all other terms and conditions of the facility remain materially unchanged.
The facility extension is consistent with Aspen's strategic plan objective of de-risking it’s balance sheet, as outlined at the 2012 Annual General Meeting and half year results presentation on 25 February 2013.
Aspen Group CFO Mr Brett Fullarton said the extension was a very positive outcome.
“We are pleased to continue our relationship with National Australia Bank. The extension provides us with a secure funding platform for our core property operations.”
In addition to the core debt facility extension, Aspen secured a twelve month extension of the $33 million Aspen Development Fund No. 1 Limited (ADF) facility to February 2015. Aspen has a 75% interest in ADF.
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For further information please contact:
Hugh Martin Brett Fullarton Interim Chief Executive Officer Chief Financial Officer Phone: (+61) 8 9220 8400 Phone: (+61) 8 9220 8400 Email: [email protected] Email: [email protected]
Aspen Group ASX Announcement – Debt extension March 2013