National Storage REIT (NSR) debt facility refinance

Dec 12 2014

News

Thomson Geer’s Brisbane Banking & Finance team has successfully negotiated terms for the refinance of NSR’s debt facility. The overall facility has been increased to $200 million with three lenders: Westpac Banking Corporation, the Commonwealth Bank of Australia and the National Bank of Australia. 

This new facility provides a number of important benefits to our client, including saving interest costs, improved facility terms, reduction of refinance risk, and allowing for continuing growth, which supports the acquisition and consolidation strategy of our client.