ASX-listed Lifestyle Communities has increased its current debt facility with Westpac by $40 million to $120 million.
The original five-year, $80 million facility was executed on 26 August 2015 and is due to expire on 26 August 2020.
The $40 million increase has the same terms and conditions as the original facility and has a three-year tenure.
Managing director James Kelly said the increase will provide additional capacity to assist with land acquisitions.
Australian Property Journal
