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ABS Housing Finance: More credit to Owner Occupiers
November 8, 2019
September Building Approvals continue to fall
October 31, 2019
Stockland add to North Sydney Development site
February 17, 2018
APN Property Group Limited (APN) advised that it has extended its $8.0 million debt facility agreement (Facility) with Macquarie Bank Limited until 31 March 2020.
This Facility is used to enhance APN’s balance sheet flexibility, including supporting growth initiatives and new investment opportunities for APN's new and existing funds.
The key terms of this Facility are:
Amount: $8.0 million Expiry:
31 March 2020 Security:
Mortgage over specified assets
Current 'all in' cost (fully drawn basis): ~5.55% (BBSW + Margin)
The Facility is subject to covenants customary to a facility of this nature including a Loan to Value ratio, Distribution Cover Ratio and Negative Pledge.