Charter Hall Office Says Australian A$365 Mln CMBS Refinanced
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Charter Hall Office REIT has refinanced its A$365 million Australian commercial mortgage backed security facility, which matured today. The CMBS Notes were refinanced with the recently secured A$290 million ‘back stop facility,’ and from proceeds retained from prior CMBS asset sales and working capital. The new facility, which is being provided by Australian banks, has a term of up to three years, according to a regulatory filing.