Argosy refinances bank facilities

.1
19.07.2023
Market Release
Argosy refinances bank facilities
Argosy Property Limited (‘Argosy’ or ‘the Company’) has announced it has increased and
extended its syndicated bank facilities with ANZ Bank of New Zealand Limited, Bank of New
Zealand Limited, Hongkong and Shanghai Banking Corporation, Commonwealth Bank of
Australia, Westpac New Zealand Limited and Industrial and Commercial Bank of China
Limited.
The total amount of the bank facility has increased by $50 million and is now $525 million.
A new $115 million tranche of debt, Tranche C, has been established which expires in
October 2027. Tranche B, which expires in October 2025, will reduce from $125 million to $60
million.
Argosy’s total funding tenor including green bonds, is currently 3.1 years.
-END-


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 Corporate Communications and
Investor Relations
Argosy Property Limited
Telephone: 09 304 3426
Email: sfreundlich@argosy.co.nz