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CENTURIA CAPITAL GROUP — Capital/Financing Update 2017
Apr 4, 2017
64677_rns_2017-04-04_551cfc3b-4726-4f29-935a-89695ab4827a.pdf
Capital/Financing Update
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5 April 2017
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360 Capital Group (TGP) Early Repayment of $50.0m Vendor Loan
The 360 Capital Group (ASX: TGP or Group) has been given notice by Centuria Capital Group (ASX: CNI) that it will be repaying in full the $50.0m Vendor Loan on or about the 21 April 2017.
The Vendor Loan was due to expire in July 2018 and was issued as part of the sale of the majority of the Group’s funds management business in January 2017.
As outlined previously, the Group is currently exploring various real estate opportunities and will consider the capital requirements for these opportunities prior to making any other capital management decisions.
Upon the Vendor Loan being repaid, the Group will have in excess of $140m in cash, $60.7m in unlisted securities and $15.2m in listed securities. The Group remains debt free.
More information on the Group can be found on the ASX’s website at www.asx.com.au using the Group’s ASX code “TGP”, on the Group’s website www.360capital.com.au, by calling the 360 Capital investor enquiry line on 1300 082 130 or emailing [email protected]
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Alternatively, please contact:
Glenn Butterworth Chief Financial Officer 360 Capital Group +61 2 8405 8860
Tony Pitt Managing Director 360 Capital Group +61 2 8405 8860
About 360 Capital Group (ASX: TGP)
360 Capital Group is an ASX-listed, property investment and funds management group concentrating on strategic investment and active investment management of property assets. The Group actively invests in direct property assets, property securities, real estate debt and various corporate real estate investments within Australian real estate markets on a private and public equity basis.
360 Capital Group Incorporating 360 Capital Group Limited ABN 18 113 569 136 & 360 Capital Investment Trust ARSN 104 552 598 Level 8, 56 Pitt Street Sydney NSW 2000 | T +61 2 8405 8860 | Fax +61 2 9238 0354 | E [email protected] | W www.360capital.com.au