This article is from the Australian Property Journal archive
DEVINE has secured an extension with ANZ Bank on its multi-option facility.
ANZ has agreed to further extend the expiry date of the facility to 31 December 2016 from 31 October.
As a result, the testing of the relevant covenants will occur 31 December.
Devine said since July 15 the company has successfully settled on asset sales worth $33.25 million with the proceeds applied to reduce debt and provide working capital.
Australian Property Journal
