ANZO secures new $400m bank debt facility

Listed commercial property investor AMP NZ Office (ANZO) says it has secured a new $400 million bank debt facility.

It would replace its existing $342.5 million facility, most of which was due to expire later this year, ANZO said today.

The funding was provided by ANZ, which was also the facility agent, ASB Institutional and BNZ, with equal participation from all three banks.

The new facility provided sufficient funding for all ANZO's committed capital projects, including the estimated $76 million redevelopment of the ANZ Centre, ANZO said.

The weighted average term to expiry of ANZO's funding was extended from 0.8 to 3.6 years with laddered maturities improving the rollover profile, ANZO said.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis
GNE - Resignation of Chief Financial Officer
PFI - Property for Industry Limited Launches Bond Offer
March 30th Morning Report
HGH Ltd Results for the 6 months ended 1 February 2026