VILLA World has secured an extension for two debt facilities within its club financing arrangement.
The company has in place a $190 million facility with ANZ and Westpac and yesterday negotiated to extend the $50 million Westpac facility through to March 2021 from March 2019.
At the same time, ANZ will extend a $10 million facility from August 2018 to October 2020.
Following these extensions, the club financing arrangement has the following maturity dates:
- ANZ: $90 million maturing in October 2020; $40 million maturing in October 2021 and $10 million maturing in March 2022
- Westpac: $50 million maturing in March 2021
Australian Property Journal
