SkyCity Darwin sale unconditional
SkyCity Entertainment Group Ltd said today the sale of its Darwin casino business to Delaware North has gone unconditional following the satisfaction of all conditions in the agreement entered into on 8 November 2018, including obtaining all necessary approvals from the Northern Territory Government.
SkyCity expects to complete the sale next Thursday, 4 April.
- Sale price of $A188 million for 100% of the shares in SkyCity Darwin Pty Ltd
- SkyCity has retained the Little Mindil property (book value $A11 million), adjacent to the SkyCity Darwin site, to be sold separately.
Argosy replaces $100 million of bank debt with green bonds
Argosy Property Ltd has followed the allotment of $100 million of senior secured fixed-rate 7-year green bonds on Wednesday by cancelling $100 million of bank facilities that were due to expire in October 2021.
Argosy also confirmed that the bonds were swapped back to floating interest rates via fixed rate receiver swaps.
The company intends to use the proceeds of the bond offer to refinance existing bank debt that supports “green assets” – office, industrial or retail buildings, including upgrades, that meet certain criteria Argosy has established in its Green Bond Framework.
About Propbd on Q
You’ll find brief entries in Propbd on Q (as in property on Queen St, Auckland’s main street) about a variety of topics. I’ll enlarge on some of them in subsequent stories.
It’s a handy way for you (& me) to keep track of listed company announcements, which often don’t justify more than a sentence or 2.
The Propbd on Q entries from auctions will give you the price, and subsequent stories will fill in the detail.
Propbd on Q is not a daily entry, just posted when the occasion arises, and it can be updated several times in one day.
You can keep an eye out for new Propbd on Q pages in the left-hand column of the website or via social media (following me on Twitter or Facebook), and track that section of the website via the BDeep & the Quick tab at the top of the page.
I’ve also brought back World property and introduced World influences to post short items from overseas – World property on the property sector, World influences focusing attention on economic, financial & political events that I see influencing markets.
You’ll be able to access them in the same ways.
Attribution: Company releases.