Argosy has announced it had secured an additional Tranche to its existing syndicated bank facilities with ANZ Bank New Zealand Limited, Bank of New Zealand Limited and Hongkong and Shanghai Banking Corporation.
The new $25m Tranche (Tranche E) will provide additional liquidity headroom above existing drawn down debt. The new facility is for a 2-year period to 19 October 2020.
Argosy's bank facilities are as follows:
• Tranche A - $275m through to 31 October 2021;
• Tranche B - $275m through to 30 September 2020;
• Tranche C - $25m through to 31 October 2021;
• Tranche D - $50m through to 28 February 2021;
• Tranche E (new) - $25m through to 19 October 2020.
Stephen Freundlich Head of Investor Relations Argosy Property Limited Telephone: 09 304 3426
Email:sfreundlich@argosy.co.nz
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Argosy Property Limited published this content on 19 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 October 2018 20:52:05 UTC
Argosy Property Limited is a New Zealand-based property company. The Companyâs principal activity is investment in properties which include industrial, office and large-format retail properties, predominantly in Auckland and Wellington. Its office properties include 99-107 Khyber Pass Road, Grafton; 101 Carlton Gore Road, Newmarket; 8 Nugent Street, Grafton; 8 Nugent Street, Grafton, and others. The retail properties include Albany Mega Centre & 11 Coliseum Drive, Albany; 50 & 54-62 Cavendish Drive, Manukau; 252 Dairy Flat Highway, Albany, and Cnr Taniwha & Paora Hapi Streets, Taupo. The industrial properties include 240 Puhinui Road, Manukau; 244 Puhinui Road, Manukau; Highgate Parkway, Silverdale; 10 Transport Place, East Tamaki, and others. The 244 Puhinui Road, Manukau property comprises a new, large industrial building on a 7,187sqm site. The 252 Dairy Flat Highway, Albany property comprises four buildings, three of which are workshops used for servicing and parts storage.