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Australand says A$950 mln loan extended to 2011

Wed Jul 1, 2009 5:53am EDT

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SINGAPORE, July 1 (Reuters) - Australand (ALZ.AX), a unit of Singapore's Capitaland (CATL.SI), said on Wednesday its A$950 million ($766 million) loan facilities were extended by one year to June 2011 after a A$563 million loan repayment.

"We are pleased with the support that all of the lenders in the syndicate have continued to show for the business," Australand Managing Director Bob Johnston said in a statement to the Singapore and Australian bourses.

Australand said in April it had secured a total of A$350 million in loans from three domestic banks, providing the property developer sufficient capacity to repay an A$563 million CMBS facility that matured on June 25, 2009. (Reporting by Nopporn Wong-Anan; Editing by Lincoln Feast)



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