Argosy refinances bank facilities and expands syndicate

16 September 2019

MARKET RELEASE
Argosy refinances bank facilities and expands syndicate


Argosy has announced it has refinanced three Tranches of its existing syndicated bank facilities
with ANZ Bank of New Zealand Limited, Bank of New Zealand Limited and Hongkong and
Shanghai Banking Corporation. Additionally, it has extended its syndicate to include
Commonwealth Bank of Australia and Westpac New Zealand Limited.

Tranches B, D and E have been refinanced and replaced with three new Tranches as follows:

• B1 - $100m for 2 years;
• B2 - $125m for 4 years; and
• B3 - $125m for 5 years.


Following refinancing and including the Green Bond issued in March this year, Argosy’s
weighted average debt term will be 3.6 years.








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Enquiries
Peter Mence
Chief Executive Officer
Argosy Property Limited
Telephone: 09 304 3411
Email: pmence@argosy.co.nz

Dave Fraser
Chief Financial Officer
Argosy Property Limited
Telephone: 09 304 3469
Email: dfraser@argosy.co.nz

Stephen Freundlich
Head of Investor Relations
Argosy Property Limited

Telephone: 09 304 3426
Email: sfreundlich@argosy.co.nz