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CHARTER HALL GROUP — Capital/Financing Update 2011
Jun 28, 2011
64645_rns_2011-06-28_9a045ac5-fc9d-43d5-818f-d5a83804cde6.pdf
Capital/Financing Update
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ASX/MEDIA ANNOUNCEMENT
CHARTER HALL GROUP INCREASES DEBT FACILITY TO $100 MILLION
Wednesday, 29 June 2011
Charter Hall Group (ASX:CHC) (the ‘Group’) is pleased to announce that it has increased its corporate debt facility with Westpac Banking Corporation by $25 million. The increase in the facility limit from $75 million to $100 million provides the Group with further capacity to pursue investment opportunities.
The $25 million increase is effective immediately on the same terms as the original facility. The facility is currently drawn to $33 million.
Charter Hall Group Joint Managing Director, David Harrison, said: “The $25 million increase in our corporate debt facility further demonstrates the Group’s strong banking relationships and the continued support of Westpac. Importantly, the increase also provides the Group with enhanced liquidity and additional flexibility to pursue opportunities to grow the business and capitalise on the property market recovery.”
For further information, please contact:
David Harrison
David Southon
Joint Managing Director Joint Managing Director Tel: +61 412 259 751 Tel: +61 418 479 155 [email protected] [email protected]
Investor enquiries:
Bart Price
Media enquiries:
Rachel Mornington-West
Senior Corporate Finance Manager Senior Communications Manager Tel: +61 2 8295 1042 Tel: +61 2 8908 4093 - [email protected] Rachel.mornington [email protected]
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About the Charter Hall Group:
Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups with 20 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide, Perth, Warsaw and Chicago.
The Group’s success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.
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