Charter Hall Office REIT has refinanced its $377.66 million Australian commercial mortgage-backed security (CMBS) facility which has matured, Bloomberg reports. The CMBS notes were refinanced with the recently secured $300.06 million “back stop facility”, and from proceeds retained from prior CMBS asset sales and working capital.
The new facility has a term of up to three years, according to regulatory filing. It is being provided by Australian banks.
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