Argosy refinances bank facilities
GENERAL
Thu, Jul 24 2025 01:32 pm
Argosy Property Limited (‘Argosy’ or ‘the Company’) has announced it has increased and extended its syndicated bank facilities with ANZ Bank New Zealand Limited, Bank of New Zealand Limited, Commonwealth Bank of Australia, Westpac New Zealand Limited and Industrial and Commercial Bank of China (New Zealand) Limited.
The total amount of the bank facility has increased by $100m and is now $625m.
A new $100m 7 year tranche of debt, Tranche C, has been established which expires in July 2032. Other tranches are now as follows:
Tranche A, $200m, expires in October 2028.
Tranche B, $225m, expires in October 2029.
Tranche D, $100m, expires in October 2030.
Argosy’s total funding tenor, including green bonds, is currently 3.6 years.
END.
Announcement PDF
Markets News
Markets
Market Close
Vulcan Steel leads as reporting season approaches
The S&P/NZX 50 Index closed 55.30 points higher at 12,889.38.
Markets
Competition law changing to allow 'beneficial collaboration'
Confidential submissions to the Commerce Commission will get a 10-year OIA exemption.
Markets
Small Cap Wrap
Small cap spotlight: Blackpearl Group
Founder Nick Lissette says it's patriotic to be listed, but hard work.
