This article is from the Australian Property Journal archive
BECTON Property Group has gained an extension from the National Australia Bank for a project debt facility.
Proceeds of recent asset sales have reduced this facility, which was to expire on June 30, to approximately $29 million from $62.3 million as at June 01.
As a result of the reduced liability, the facility has been extended to July 07 to allow for the completion of documentation for the credit approved refinancing of the remaining debt with Bank of Scotland International.
Australian Property Journal
