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GARDA PROPERTY GROUP — Capital/Financing Update 2021
Dec 21, 2021
64972_rns_2021-12-21_de16a6e7-0f21-4cba-a9dc-8ca4a646738a.pdf
Capital/Financing Update
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GARDA Property Group
Level 21, 12 Creek Street W gardaproperty.com.au Brisbane QLD 4000 E [email protected] GPO Box 5270 P +61 7 3002 5300 Brisbane QLD 4001
22 December 2021
DEBT FACILITY AND VALUATIONS
GARDA Property Group (“GARDA”) has secured a $42 million increase in its existing syndicated debt facility with ANZ Banking Group and St. George Bank.
The facility, currently drawn to $228 million, will increase to a $270 million limit, secured against $558.9 million of commercial and industrial properties.
The increase in the facility limit has not impacted line fees, margins and establishment fees.
With approximately 15 months until the debt facility expires, it is GARDA’s intention to refinance before 30 June 2022.
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Authorised for release by: Matthew Madsen (Executive Chairman)
For more information please contact:
Paul Brown
Head of Treasury and Investor Relations GARDA Property Group Phone: 07 3002 5362 [email protected]
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