Aug 26 (Reuters) - Lifestyle Communities Ltd LIC.AX :
* Says new facility will result in lower finance costs
* Says company anticipates increasing the utilisation of the facility through the five year term.
* Facility includes financial and reporting undertakings but shifts away from site specific development undertakings previously in place
* As at 30 June 2015 total debt was $36.6 million suggesting initial utilisation of the new facility will be less than half
* Says increased utilisation of this facility will be subject to internal gearing disciplines and covenant requirements
* Source text for Eikon ID:nASX6JjhM4
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