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BRIEF-Charter Hall Retail REIT says will issue a new 10 year US$125 million USPP

Published 15/02/2016, 03:58 pm
© Reuters.  BRIEF-Charter Hall Retail REIT says will issue a new 10 year US$125 million USPP
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Feb 15 (Reuters) - Charter Hall Retail REIT CQR.AX :

* Uspp transaction is due to settle in May 2016 and is subject to standard investor due diligence and documentation

* Reit has also agreed terms for a new $50 million five year bank debt facility from an international bank

* Reit will issue a new 10 year US$125 million uspp which will mature in may 2026

* Notes will be issued with fixed us$ coupon of 3.76%, which is 100% hedged in Australian dollars

* Says proceeds will be used towards the repayment and cancellation of the $150 million syndicated bank debt tranche

* Reit has also announced the extension and restructure of its interest rate hedge book

* FY 2016 operating earnings guidance is not expected to be impacted by these transactions

* Says reit will use $22 million of the uspp proceeds to fund the hedge restructure

* Source text for Eikon ID:nASX9yTY5P

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