This article is from the Australian Property Journal archive
LISTED child care centre operator G8 Education has finalised its debt refinancing process with the close of a $100 million junior secured syndicated facility.
The facility was announced in October and was immediately followed by the group’s execution of a $450 million senior secured syndicated facility.
Chief executive officer Gary Caroll said in November that the group is looking to sell off as many as eight loss-making centres as conditions improve across the sector, as the federal government’s childcare subsidy takes effect and oversupply eases.
Australian Property Journal
