Australia's Centro says completes debt agreement

Thu Jan 15, 2009 5:55pm EST
 
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SYDNEY, Jan 16 (Reuters) - Australia's Centro Properties Group (CNP.AX) has completed a long-term refinancing and debt stabilisation agreement with its creditors, the company said on Friday.

The agreement included a three year extension on A$3.9 billion ($2.56 billion) of a senior syndicated debt facility, Centro said, and a A$1.05 billion hybrid security to improve cash flow and strengthen the balance sheet. (Reporting by Mette Fraende)

 

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