CEDAR Woods Properties has extended its three-year $135 million corporate finance facility by an additional year to 30 November 2017, following the annual review.
The facility is provided by ANZ Bank and Bankwest. The facility is able to be extended for an additional year on each 30 November, refreshing the three year term, subject to consent by the lenders.
Cedar Woods said in a statement that the club facility will continue to provide funding for existing operations, ongoing development of its projects and future acquisitions.
Australian Property Journal
