CHARTER Hall Group has secured a $75 million corporate debt facility with Westpac.
The facility commences immediately and has a three year term at market pricing.
This new debt facility will enable early repayment of $33 million drawn against the group’s existing $40 million facility as well as cancel an undrawn $50 million facility that was established with Macquarie early in 2010.
CHC joint managing director David Harrison said facility provides greater liquidity and debt capacity for the group to assist with working capital and to support new fund initiatives.
Australian Property Journal
