May 1 (Reuters) - GDI Property Group Ltd GDI.AX :
* INCREASED SIZE AND EXTENDED TERM OF PRINCIPAL FACILITY
* PREVIOUS $140 MILLION LOAN FACILITY TO EXPIRE JAN 31, 2021, PRINCIPAL FACILITY INCREASED TO $210 MILLION AND NOW EXPIRES ON JULY 31 2022
* AS CURRENT DRAWN DEBT OF $120.0 MILLION
* INCREASE IN FACILITY SIZE GIVES $85 MILLION OF LIQUIDITY TO SETTLE 180 HAY STREET, PERTH, AND CAPITALISE ON CURRENT MARKET VOLATILITY
* RECEIVED SOME REQUESTS FOR RENT RELIEF ACROSS PORTFOLIO OF ASSETS IN BOTH PROPERTY AND FUNDS MANAGEMENT DIVISIONS
* SUBJECT TO NO FURTHER MATERIAL CHANGES, FY20 DISTRIBUTION PER SECURITY WILL BE 7.75 CENTS