GMT Bank Debt Facility Increase

Goodman (NZ) Limited, the manager of Goodman Property Trust (“GMT” or “Trust”) is pleased to announce that the Trust’s main bank facility has been increased from $400 million to $570 million.

Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, “We have refinanced GMT’s main bank facility, adding $170 million of additional capacity to help fund the Trust’s record level of development activity and new investment opportunities.”

A supportive bank syndicate has provided the funding at competitive pricing levels.

Details of all of GMT’s debt facilities are attached as an appendix to this announcement.

For more information please call:
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(021) 305 316

About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $3.3 billion, ranking it in the top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space provider. It has a substantial property portfolio, which had a value of $4.3 billion at 30 September 2021. The Trust also holds an investment grade credit rating of BBB from S&P Global Ratings.

The Manager of the Trust is Goodman (NZ) Limited, a subsidiary of the ASX listed Goodman Group. Goodman Group is a A$68 billion specialist global manager of warehouse and logistics real estate.

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Announcement PDF