Arvida Executes Debt Facility Refinance
Related documents
- Arvida Executes Debt Facility Refinance 272kb pdf
Arvida Executes Debt Facility Refinance
Arvida Group Limited (NZX:ARV) confirms that the legal documentation has been executed to effect the refinancing of its bank debt facility. The effective date of the refinance was 6 April 2020. The two main changes are that the tenure of Tranche A of the facility (which was due to expire in June 2021) was extended for a further five years and a new tranche with a limit of $100m was added to the facility, with a tenure of eighteen months. As a result, the facility limit has increased from $375m to $475m and the weighted average tenure has extended to 3.1 years. Arvida remains in a strong financial position with current drawn debt of $313m and $162m of undrawn credit.
Latest NZX releases
-
18 Mar 2024
Arvida Group Limited (NZX: ARV) has entered into a conditional agreement to sell its Strathallan village located in Tima...
-
28 Feb 2024
Please see attached a Substantial Product Holder notice for Accident Compensation Corporation (ACC) in Arvida Group Limi...
-
22 Dec 2023
Please see attached Ongoing Disclosure Notices for the Directors and Senior Managers. -Ends-
-
21 Dec 2023
Arvida Group Limited is pleased to advise the allotment of new shares pursuant to the Company's dividend reinvestment pl...