THE Charter Hall Direct Property Fund has secured a new $240 million loan facility which will expire in September 2013.
CHDPF has consolidated two separate debt facilities, due for expiry this financial year into the new facility which extends the fund’s weighted average debt expiry to three years — an increase from 0.4 years at 30 June 2010.
Commercial terms of the debt facility, including margin, are in line with other recently negotiated refinancing transactions the Charter Hall Group has successfully completed.
Australian Property Journal
