This article is from the Australian Property Journal archive
BECTON has negotiated short term extensions for two debt facilities.
The Becton Office Fund and Becton Retail Fund debt facilities with Westpac were due to expire on August 13 and have been extended to September 30.
BRF owes $31.08 million and Becton Office Fund’s debt facilities totals $114.43 million.
Becton CEO Matthew Chun said the short nature of these extensions is appropriate as Becton continues to move toward a broader restructure and refinancing of these facilities.
Australian Property Journal
