Charter Hall Group increases debt facility to $100 million

29/06/2011 - PDF Version Available

Charter Hall Group (ASX:CHC) (the ‘Group') is pleased to announce that it has increased its corporate debt facility with Westpac Banking Corporation by $25 million.  The increase in the facility limit from  $75 million to $100 million provides the Group with further capacity to pursue investment opportunities. 

The $25 million increase is effective immediately on the same terms as the original facility.  The facility is currently drawn to $33 million.  

Charter Hall Group Joint Managing Director, David Harrison, said: 'The $25 million increase in our corporate debt facility further demonstrates the Group's strong banking relationships and the continued support of Westpac. Importantly, the increase also provides the Group with enhanced liquidity and additional flexibility to pursue opportunities to grow the business and capitalise on the property market recovery.'


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:
Bart Price
Senior Corporate Finance Manager
Tel: +61 2 8295 1042
bart.price@charterhall.com.au

Media enquiries:
Senior Communications Manager
Tel: +61 2 8908 4093
Rachel.mornington-west@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).