Waypoint REIT Ltd. (AU:WPR) has released an update.
Waypoint REIT Ltd. has secured a new $500 million syndicated debt facility to enhance financial flexibility, with plans to use the funds to retire $410 million in existing debts and bolster liquidity for upcoming fiscal years. The facility is structured into three tranches with varying terms, effectively extending the company’s average debt maturity from 3.7 to 5.0 years. This strategic financial move is set to be finalized by 9 May 2024, positioning Waypoint REIT for sustained growth in the fuel and convenience retail property market.
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