Stockland has secured a new long-dated US private placement debt facility worth $359 million ($US274.25m).
The funding -- to be used as part of the group's ongoing capital management program, including the refinancing of scheduled debt maturities -- will be delivered in August, pending the completion of standard due diligence.
The facility comprises three tranches: $US120m with a 10-year term maturing August 2025, $US100m with a 12-year term maturing August 2027, and $US55m with a 15-year term maturing August 2030.
Taking this new funding into account, at June 30, Stockland's pro forma weighted average debt maturity will increase from 5.3 to 5.9 years.
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Property group secures US private placement long-dated debt worth $359m.
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