Argosy refinances and extends some bank facilities

Fri, 30 Jul 2021

Argosy Property said it has extended $215 million of its existing syndicated bank facilities by a year.It has also reduced total facilities by $35m to $455m.The property company said its total funding tenor, including its $325m of green bonds listed on NZX, which mature between March 2026 and October 2027, is now 4.1 years.Chief financial officer Dave Fraser said the company has extended two of the five tranches of bank debt with $125m now maturing in October 2024 and $90m maturing in October 2025.Argosy's five banks are ANZ Bank NZ, Bank o...

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