THE Goodman Australia Industrial Fund has successfully priced its second $US185 million US Private Placement issue.
The senior, unsecured notes with seven, 10 and 12 year maturities provide an increase in the fund’s average debt maturity from 3.7 years to 4.3 years. The proceeds will be used to refinance existing debt facilities. The issue will not impact GAIF’s gearing ratio.
Goodman Group CEO and GAIF chairman Greg Goodman said this latest transaction continues to build on the implementation of the fund’s strategy of diversifying its debt capital sources and extending the maturity profile of its finance facilities.
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