Brief: Arvida Group Provides Update on Arvida Bank Facility

Arvida

30/10/2023 20:13

Oct 31 (Reuters) - Arvida Group Ltd  ARV.NZ :
    * ARVIDA BANK FACILITY UPDATE
    * TOTAL LIMIT OF BANK FACILITIES HAS BEEN INCREASED BY
NZ$100
MILLION TO NZ$775 MILLION
    * CURRENT WEIGHTED AVERAGE TENURE OF TOTAL DEBT FACILITIES
HAS
BEEN EXTENDED TO 3.2 YEARS
    * FOLLOWING RESTRUCTURE, SPLIT BETWEEN FACILITY LIMITS IS
NZ$325
MILLION OF CORE FACILITIES AND NZ$450 MILLION OF DEVELOPMENT
FACILITIES
    * RESTRUCTURE INVOLVES ADDITIONAL NZ$125 MILLION THROUGH
RETAIL
BOND


Further company coverage:  ARV.NZ 

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