Rural Funds Group Announces That Term Debt Facility Limit Increased, and Tenor Extended to Include Expiries in Two Tranches
February 20, 2019 at 05:39 pm EST
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Rural Funds Group announced that Term debt facility limit increased, and tenor extended to include expiries in two tranches. $200 million three-year facility which expires November 2021, financial year 2022 and $100 million five-year facility which expires in November 2023, financial year 2024.
Rural Funds Group is an Australia-based real estate investment trust (REIT). The Company owns a diversified portfolio of agricultural assets that are leased predominantly to corporate agricultural operators. It is primarily engaged in the development and leasing of agricultural properties and equipment. The Company leases almond orchards, macadamia orchards, vineyards, cattle properties, cropping properties, agricultural plants and equipment, cattle, and water rights. The Company holds three almond orchards approximately 4,068 planted hectares; six vineyards approximately 636 planted hectares; 13 macadamia orchards approximately 1,906 planted hectares; seven properties with areas to be developed into macadamia orchards with 2,520 hectares; 23 cattle properties made up of 18 breeding, backgrounding, and finishing properties and five cattle feedlots with a combined capacity of 150,000 head, and 15 cropping properties approximately 14,573 hectares.
RURAL FUNDS GROUP 
