Bank debt extension
NZX RELEASE
1 October 2018
Bank debt extension
Kiwi Property advises that it has extended $165 million of existing bank debt facilities.
The facilities with ANZ Bank New Zealand, Bank of New Zealand, Commonwealth Bank of
Australia and Westpac New Zealand, which were due to expire in the 2022 financial year,
will now expire in the 2023 and 2024 financial years.
The Company has $1.292 billion of finance debt facilities of which $902 million was drawn as
at 30 September 2018. The weighted average term of all debt facilities as at
30 September 2018 was 3.3 years.
> Ends
Contact us for further information
Gavin Parker
Chief Operating Officer
gavin.parker@kp.co.nz
+64 9 359 4012
Stuart Tabuteau
Chief Financial Officer
stuart.tabuteau@kp.co.nz
+64 9 359 4025
About us
Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock
Exchange and is a member of the S&P/NZX 15 Index. We’ve been around for more than 20 years
and we proudly own and manage a $3.0 billion portfolio of real estate, comprising some of New
Zealand’s best shopping centres and prime office buildings. Our objective is to provide investors
with a reliable investment in New Zealand property by targeting superior risk-adjusted returns over
time through the ownership and active management of a diversified, high-quality portfolio. S&P
Global Ratings has assigned Kiwi Property a corporate credit rating of BBB (stable) and an issue
credit rating of BBB+ for each of its fixed rate senior secured bonds. Kiwi Property is licensed under
the Real Estate Agents Act 2008. To find out more, visit our website kp.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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