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Today, the Charter Hall Group (ASX:CHC) is pleased to announce that it has refinanced its $200 million secured corporate facility with a new senior unsecured $200 million credit facility plus an additional $20 million unsecured facility to support the provision of bank guarantees. The new credit facility is currently undrawn.
In addition to moving the corporate borrowing to an unsecured format and separately providing additional capacity for bank guarantees, the maturity profile has been extended from November 2020 to May 2023.
CHC Chief Financial Officer Russell Porut said:
“These new 5-year unsecured facilities reflect the continued development of the Charter Hall platform in terms of scale of operations and access to capital and we are appreciative of the strong support of our lending partners".