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CHARTER HALL GROUP — Capital/Financing Update 2009
May 25, 2009
64645_rns_2009-05-25_5243cd23-c8e1-46e5-9380-b0219c9c3eb1.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
CHARTER HALL SECURES NEW DEBT FACILITIES FOR CORE
PLUS FUNDS
Tuesday, 26 May 2009
Charter Hall Group (CHC) is pleased to announce that the National Australia Bank (NAB) has approved the refinancing of the Core Plus Office Fund (CPOF) and Core Plus Industrial Fund (CPIF) finance facilities.
CPOF has secured a new 3 year $370 million term facility and CPIF has secured a new 3 year $65 million term facility at market pricing. The facilities Loan to Value Ratio (LVR) covenants will increase from 50% to 60%.
These new facilities continue to be non-recourse to investors including Charter Hall Property Trust (CHPT). As a result of the new facilities, all CPOF and CPIF term facilities will mature during FY12 and FY13.
ENDS
For further information, please contact:
David Harrison David Southon Jo Stiles Joint Managing Director Joint Managing Director Marketing & Communications Manager 0412 259 751 0418 479 155 0414 499 199 [email protected] [email protected] [email protected]
About the Charter Hall Group:
Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth and Auckland. Established in 1991 and listed on the ASX in 2005 as a stapled security under the code CHC, Charter Hall Group combines Charter Hall Limited with Charter Hall Property Trust. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 13 year history of managing wholesale capital, making it one of Australia’s leading property fund managers. Charter Hall’s success has been underpinned by a highly skilled and motivated management team with diverse expertise across property sectors and risk-return profiles.