Sharechat Logo

Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) $600m Bank Refinancing Completed

Thursday 16th December 2021

Text too small?

Stride Property Group (Stride) is pleased to announce that it has completed a refinancing of its bank debt facilities across a consortium of six banks, increasing total facilities available from $455 million to $600 million. This debt applies across Stride’s office and town centre portfolios and has increased the weighted average tenor across its facilities to 3.7 years.

$400 million of the facilities are classified as green loan facilities in accordance with the Green Finance Framework of Fabric Property Limited, a wholly owned subsidiary of Stride Property Limited which owns office properties. The Framework has been developed to be consistent with the Asia Pacific Loan Market Association (APLMA) Green Loan Principles (2021).

The lenders for the green loan facilities are ANZ, CCB, HSBC, ICBC, MUFG, and Westpac. ANZ acted as Lead Arranger and Sole Sustainability Co-ordinator for the green loan facilities.

Philip Littlewood, Stride’s Chief Executive, commented “Stride is committed to building a sustainable business, and we are pleased to further our sustainability strategy with our first green loan facilities. We appreciate the support of our lenders to reach this important milestone”.

Please see the link below for details

Stride Property Group - $600m Bank Refinancing Completed - 161221.pdf

Source: Stride Property Ltd & Stride Investment Management Ltd



  General Finance Advertising    

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.

Related News:

POT Financial Results for the year to 30 June 2025
MOVE FY25 Results for the year ended 30 June 2025
BPG - Completion of Retail Offer
Comvita releases results for the year ended 30 June 2025
August 29th Morning Report
Air New Zealand announces 2025 financial result
August 28th Morning Report
VSL - 2025 date of Annual Meeting of shareholders
WIN - Winton announces FY25 Annual Results
Meridian Energy Limited 2025 Full Year Financial Results