Charter Hall Direct Property Fund extends debt facilities

29/09/2010 - PDF Version Available

Charter Hall Group (ASX: CHC) today announced its Charter Hall Direct Property Fund (CHDPF) has consolidated two separate debt facilities, due for expiry this financial year, into a new $240 million loan facility expiring in September 2013.  The new debt facility extends CHDPF's weighted average debt expiry to three years which is an increase from 0.4 years at 30 June 2010. 

Commercial terms of the debt facility, including margin, are in line with other recently negotiated refinancing transactions the Charter Hall Group has successfully completed. 

Charter Hall's Joint Managing Director, Mr David Harrison, said: 'Our treasury team is pleased to have successfully negotiated this new CHDPF debt facility, following the recently announced Charter Hall Retail REIT's five year extension of its Australian multi-currency debt facility.'


For further information, please contact:

David Harrison
Joint Managing Director
Tel: +61 412 259 751
david.harrison@charterhall.com.au

David Southon
Joint Managing Director
Tel: +61 418 479 155
david.southon@charterhall.com.au

Investor enquiries:
Kylie Ramsden
Head of Listed Investor Relations
Charter Hall
Tel: +61 2 8295 1016
kylie.ramsden@charterhall.com.au

Media enquiries:
Rachel Mornington-West
Senior Communications Manager
Charter Hall
Tel: +61 28908 4093
rachelm@charterhall.com.au

This information has been prepared by Charter Hall Funds Management Limited ABN 31 082 991 786; AFSL 262861 ("CHFML") for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.

CHFML does not receive fees in respect of the general financial product advice it may provide, however they will receive fees for operating the schemes of which it is the responsible entity ("Schemes") which, in accordance with the Schemes' Constitutions, are calculated by reference to the value of the assets of the Schemes. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Schemes. For more detail on fees, see our latest annual report. To contact us, call 1300 365 585 (local call cost).