Goodman Group (“Goodman”) today announced it has given notice that it will repurchase all the outstanding USD325 million 6.375% notes due November 2020 in accordance with the “makewhole” provisions contained within their terms of issue. The price will be calculated shortly before settlement, which is expected to be 31 October 2017.
This follows the successful close of the previously announced new issues USD850 million 10.5 and 20 year notes and Euro500 million 8 year notes, and the repurchase of USD545 million of notes due in 2021 and 2022 and GBP129 million of notes due in 2018.
In addition, the Repurchase of the AUD327 million Goodman PLUS is scheduled to occur on 2 October 2017, as previously disclosed.
The weighted average maturity of the new bonds is 11.7 years which increases the weighted average maturity on the total drawn debt from 3.2 years to 8.2 years.
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