PROPERTY group Australand has extended debt facility.
The maturity date for its $950 million multi-option facility had been extended from June 2010 until June 2011.
The extension of this facility followed the repayment of Australand’s $563 million CMBS Notes on the scheduled maturity date of 25 June 2009.
Australand’s managing director Bob Johnston said the key covenants remain unchanged and Australand continues to comfortably comply with these covenants.
Australian Property Journal
