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ASPEN GROUP — Capital/Financing Update 2015
Jul 20, 2015
64404_rns_2015-07-20_7b519e42-bbe2-4a95-b98a-4f512e068069.pdf
Capital/Financing Update
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MARKET RELEASE
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----- Start of picture text ----- Aspen Group LimitedABN 50 004 160 927Aspen Property TrustARSN 104 807 767Level 18, 9 Hunter StreetSydney NSW 2000Telephone: 02 9151 7500Facsimile: 02 9151 7599Email: [email protected]----- End of picture text -----
ASX ANNOUNCEMENT 21 July 2015
Spearwood settlement and new debt facility
Aspen Group (ASX:APZ) is pleased to provide the following update.
Spearwood settlement
All conditions have now been satisfied for the $35 million sale of the northern component of the Spearwood industrial estate, Perth previously announced on 16 April 2015. Settlement is scheduled for mid August 2015.
New debt facility
As part of its ongoing capital management, Aspen has secured an extended debt facility with its primary financier.
The debt limit has increased to $60 million (previously $40 million), with the maturity date extended to September 2017 (previously August 2016). Other terms of the facility are an improvement from the current facility.
The new debt facility will facilitate Aspen Group’s previously announced acquisition programme in the accommodation sector.
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| For further information please contact:Clem SalwinChief Executive OfficerPhone: (+61) 2 9151 7500Email: [email protected] | For media enquiries:David TaskerProfessional Public RelationsPhone: (+61) 8 9388 0944Mobile: (+61) 433 112 936Email: [email protected] |
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