Goodman Property extends term of $600 mln of bank facilities

Wed, 19 Mar 2014

By Suze Metherell March 20 (BusinessDesk) – Goodman Property Trust, New Zealand’s biggest listed property investor, has refinanced $600 million of bank facilities, extending the term to an average 3 ½ years on “competitive new terms.” The Auckland-based company has a total $895 million of debt facilities and bonds. Goodman Property says debt facilities are only partially drawn, retaining over $150 million of additional funding. “When we refinanced we asked the banks to look at the pricing that they charge us for the debt at the same time,...

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