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GOODMAN GROUP — Capital/Financing Update 2009
Apr 30, 2009
64998_rns_2009-04-30_e8ad2a7e-db5b-4aa5-80d0-30ee4e8295c3.pdf
Capital/Financing Update
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Goodman refinancing update and distributions
Date 1 May 2009 Release Immediate
The Group is pleased to confirm that it has received credit approved proposals which the Group intends to use to repay the first tranche of the Syndicate Facility due on 23 May 2009.
This proposal is from a strategic partner of the Group outside the existing banking Syndicate and a further announcement in respect of the facility will be made in due course.
In addition to the refinancing proposal, the Group believes it is prudent to not pay a further distribution for the year ending 30 June 2009 enabling the Group to retain liquidity. The Board will review its distribution policy as part of the ongoing capital management plan.
For further information, please contact Goodman: Greg Goodman Group Chief Executive Officer Tel +61 2 9230 7400
About Goodman : Goodman owns, develops and manages industrial property and business space globally. It is the largest industrial property group listed on the Australian Securities Exchange and one of the largest in the world, with offices across Asia Pacific, UK and Europe. At the core of the Group’s success is its integrated customer service model, which reflects the organisation’s commitment to creating long-term customer relationships.
Level 10, 60 Castlereagh Street, Sydney NSW 2000 | GPO Box 4703, Sydney NSW 2001 Australia Tel +61 2 9230 7400 | Fax +61 2 9230 7444 | [email protected] | www.goodman.com Goodman Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621