March 28 (Reuters) - Lifestyle Communities Ltd (LIC) :
- EXECUTED CONTRACTS TO SECURE $225 MILLION OF SENIOR DEBT FACILITIES UNDER A COMMON TERMS DEED
- NEW FACILITIES COMPRISE A $60 MILLION TRANCHE WITH A MATURITY OF THREE YEARS AND A $165 MILLION TRANCHE WITH A MATURITY OF FIVE YEARS
- INITIAL DRAWDOWN TO BE ABOUT $120 MILLION, TO BE USED TO REPAY DEBT FACILITY & FUND SETTLEMENT OF LAND AT KADUNA PARK AND WOLLERT
Source text: (http//bit.ly/2uxFw7w)
News: LIC Lifestyle Communities Executes Contracts To Secure $225 Mln Senior Debt Facilities
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