Cedar Woods Properties (ASX:CWP) extended its AU$330 million corporate finance facility following an annual review, according to a Friday Australian bourse filing.
The club facility is provided by ANZ Group Holdings (ASX:ANZ), Commonwealth Bank of Australia (ASX:CBA), and National Australia Bank (ASX: NAB).
It comprises a mix of three-year and five-year debt, with the extension of an additional year for the AU$264 million three-year tranche to January 2028 and the extension of an additional year for the AU$66 million five-year tranche to January 2030.
The facility has the potential to be extended an additional year, subject to consent by the lenders.
The firm's shares advanced 2% on market close.
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