ABACUS Property Group has refinanced two existing debt facilities.
The largest facility total $604 million and is associated with Abacus whilst the second $88 million is tied to its managed funds.
Abacus said these refinancings have delivered improved debt maturities, a reduced cost of funds and better debt covenants.
As a result, Abacus has no material refinancing due in FY12 and FY13.
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