This article is from the Australian Property Journal archive
BECTON Property Group has secured a new debt facility with BOS International to replace an existing one with the National Australia Bank.
Becton has secured a new $31 million facility for its “Divercity” Waterloo project, which matures on August 31 2011.
The facility will repay a $29 million project facility with the NAB which expired on July 03. The remaining proceeds are available for interest capitalisation.
CEO Matthew Chun said the transfer shows the ongoing support from Becton’s lenders as the company moves closer toward a resolution of the remaining capital challenges facing the business.
Australian Property Journal
