Bank debt extensions
NZX RELEASE
16 May 2019
Bank debt extensions
Kiwi Property advises that it has extended $166 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 2020 financial year,
will now expire in the 2025 financial year.
The Company has $825 million of bank debt facilities of which $298 million remain undrawn
as at 31 March 2019. The weighted average term of all finance debt as at the date of these
extensions is 3.7 years.
> Ends
Contact us for further information
Clive Mackenzie
Chief Executive Officer
clive.mackenzie@kp.co.nz
+64 9 359 4011
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 20 Index. We’ve been around for 25 years and we
proudly own and manage a $3.2 billion portfolio of real estate, comprising some of New
Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors with
a reliable investment in New Zealand property 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 one of the highest rated New Zealand
companies within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of
benchmarks and tradable indices for ESG (Environmental, Social and Governance) investors.
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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