Augusta Capital Limited Enters into New Loan Facility Agreements with ASB Bank
December 19, 2017 at 02:30 pm EST
Augusta Capital Limited announced that it has entered into new loan facility agreements with ASB Bank reflecting its various income streams and future balance sheet structure. The revised facilities are: Property Facility - borrowings in respect of the Company's directly held property assets, limit: $26.5 million, Expiry Date: 30 April 2019 (the final settlement for the sale of the Finance Centre is scheduled to occur on 1 April 2019). Investment Facility - borrowings in respect of the company's investment assets (such as shares in NPT), Limit: $7 million, Expiry Date: 30 November 2019. Funds Management Working Capital Facility - Limit: $15 million, Expiry Date: 30 November 2019. A separate facility of $17.5 million has also been entered into to partially fund the acquisition of The Hub, Seaview, Wellington which is scheduled to settle later December 20, 2017.