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Mirvac Real Estate says refinances $417 mln loan

Thu Nov 6, 2008 8:58pm EST

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SYDNEY, Nov 7 (Reuters) - Mirvac Real Estate Investment Trust MRZ.AX has refinanced a A$625 million ($417 million) debt facility ahead of its December 2008 expiry, the trust said in a statement on Friday. The new facility matures in two tranches, with half expiring in September 2010 and the remaining half in September 2011.

The debt facility has been refinanced with a syndicate of lenders including Westpac Banking Corp (WBC.AX) and Australia and New Zealand Banking Group Ltd (ANZ.AX), Mirvac said. ($1=A$1.50) (Reporting by Denny Thomas;)



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