Argosy Property : Part Cancellation of Bank Facility
March 28, 2019 at 05:46 pm EDT
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29 March 2019
MARKET RELEASE
PARTIAL CANCELLATION OF BANK FACILITY FOLLOWING GREEN BOND OFFER ALLOTMENT
Argosy Property Limited ("Argosy" or the "Company") has announced that, following the allotment of $100 million of senior secured fixed rate 7 year green bonds, Argosy has cancelled $100 million of bank facilities that were due to expire in October 2021.
Argosy also confirmed that the bonds were swapped back to floating interest rates via fixed rate receiver swaps.
Stephen Freundlich Head of Investor Relations Argosy Property Limited Telephone: 09 304 3426 Email: sfreundlich@argosy.co.nz
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Argosy Property Limited published this content on 29 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2019 21:45:05 UTC
Argosy Property Limited is a New Zealand-based property company. The Companyâs principal activity is investment in properties which include industrial, office and large-format retail properties, predominantly in Auckland and Wellington. Its office properties include 99-107 Khyber Pass Road, Grafton; 101 Carlton Gore Road, Newmarket; 8 Nugent Street, Grafton; 8 Nugent Street, Grafton, and others. The retail properties include Albany Mega Centre & 11 Coliseum Drive, Albany; 50 & 54-62 Cavendish Drive, Manukau; 252 Dairy Flat Highway, Albany, and Cnr Taniwha & Paora Hapi Streets, Taupo. The industrial properties include 240 Puhinui Road, Manukau; 244 Puhinui Road, Manukau; Highgate Parkway, Silverdale; 10 Transport Place, East Tamaki, and others. The 244 Puhinui Road, Manukau property comprises a new, large industrial building on a 7,187sqm site. The 252 Dairy Flat Highway, Albany property comprises four buildings, three of which are workshops used for servicing and parts storage.
ARGOSY PROPERTY LIMITED 
