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Goodman completes refinancingThe West AustralianFri, 24 December 2010 10:46AMShare to FacebookShare to XEmail UsCopy the Link 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.
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