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The West Australian Goodman Property Trust says it has completed a refinancing programme, with the renewal and extension of a further $NZ357 million ($A266.46 million) of debt funding
facilities. The refinancing included documentation of new terms on Goodman's $NZ330 million main debt facility and $NZ27 million of debt funding for its Viaduct Corporate Centre joint
venture, Goodman said. Keith Smith, chairman of trust manager Goodman (NZ), said the comprehensive refinancing programme carried out in the past 12 months extended the term and diversity of
the trust's funding sources. More than $NZ680 million of bank refinancing and bond issuance had been achieved, providing greater flexibility and improved tenor. The average remaining
term across all its facilities was now 3.7 years, Mr Smith said. With the exception of a $NZ150 million retail bond issued in December 2009 all the trust's funding facilities had been
refinanced or renewed during 2010. GET THE LATEST NEWS FROM THEWEST.COM.AU IN YOUR INBOX. Sign up for our emails
