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GARDA PROPERTY GROUP — Capital/Financing Update 2022
Jul 28, 2022
64972_rns_2022-07-28_2d86fe5d-d828-467d-a5e6-88dc3ada1e5e.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
29 July 2022
DEBT FACILITY LIMIT INCREASE
GARDA Property Group (“GARDA” or “Group”) has secured a $40 million increase in its existing $280 million syndicated debt facility with ANZ Banking Group and St. George Bank.
The facility, currently drawn to $260 million, will increase to a $320 million limit, secured against $643.6 million of commercial and industrial properties.
The $320 million facility has a three year and seven-month term remaining, expiring in March 2026. There have been no material movements in line fees, margins and establishment fees from the facility extension executed on 30 May 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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