Charter Hall secures $2b debt refinancing, reiterates FY26 guidance
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The news: Property giant Charter Hall has established a new $2 billion secured debt platform following the refinancing completion of its balance sheet.
The context: The company has finalised a significant restructuring of its existing debt arrangements, replacing its unsecured debt with a new secured platform for its balance sheet owned assets.
The new secured facilities extend Charter Hall’s weighted average debt maturity from 2.7 years to 4.3 years, with maturities now staggered through to FY32.
The weighted average credit margin of the company’s balance sheet facilities has decreased by approximately 20 basis points, while Charter Hall expects to maintain its target balance sheet gearing range of 25% to 35%.
The company has reiterated its FY26 earnings per security and distribution per security guidance of 25.5 cents per security, representing a 2% increase from the prior corresponding period.
The source: ASX
