Huntleys' Stock of the Week
Marketplace
Macquarie Countrywide Trust Announces Asset Sale and US Debt Restructured
Thursday June 19, 2008, 2:13 pm

Original Announcement: Asset Sale and US Debt Restructured

Macquarie Countrywide Trust announced that it had signed an unconditional contract for the sale of a development site in Maylands, Western Australia. The vacant site in Maylands, a north eastern suburb of Perth, is located on Guildford Road. The property has a book value of $5.45m and was sold for $6.85m, a $1.40m or 25.7% gain over book value, with all proceeds being used to retire debt. The trust also advised that it has agreed terms for the restructuring and extension of two debt facilities secured by properties in its US portfolio. Terms have been agreed for the restructure and extension of two debt facilities, totalling $66.3m (75% Trust share).

More information about MCW.AX
  •   

    • Copyright © 2008 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help