Summerset Group completes $600 million syndicated loan facility refinace

Fri, 31 Mar 2017

By Rebecca Howard March 31 (BusinessDesk) - Summerset Group expands funding lines with a new $600 million syndicated loan facility refinance to pay for development projects in existing and future retirement villages as a housing boom continues and an ageing population grows. The facility is an increase from $450 million syndicated loan facility that was previously in place. According to Summerset, it currently has $283 million of debt, or 47 percent of the $600 million, "leaving substantive headroom for future development or unexpected e...

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