This article is from the Australian Property Journal archive
THE Becton Diversified Direct Property Fund has negotiated an extension of a $51 million debt facility with the Commonwealth Bank.
The debt facility, which was to expire on 27 July 2010 has been extended to 31 December 2010.
Becton CEO Matthew Chun said the deal shows the ongoing support of lenders as Becton moves closer to a resolution of the remaining capital challenges facing the business.
Australian Property Journal
