Allens has advised the BWP Trust on a $75 million loan note facility, arranged by Commonwealth Bank. The funds were raised via the issue of loan notes to several investors and will be to refinance BWP Trust's existing debt facilities.
BWP Trust is an ASX-listed real estate investment trust investing in and managing commercial properties throughout Australia. The majority of BWP Trust's properties are large format retailing properties, in particular Bunnings Warehouses, which are leased to Bunnings Group Limited.
'We are delighted to continue to support BWP Trust in its debt financing arrangement. BWP Trust's business model and track record of investing in and managing high-value commercial real estate, makes it an attractive proposition for debt investors,' said Partner Ben Farnsworth.
Allens legal team
Banking & Finance
Ben Farnsworth (Partner), Brittany Lawtie (Senior Associate), Lennard Bremer (Lawyer)