$100m increase and total debt restructure completed for Australian REIT

HTL Capital Partners warmly congratulates its valued client Hotel Property Investments (ASX:HPI) on the successful refinancing package; which included:

– an additional $100 million debt capacity, allocated to repayment of a USPP note maturing August 2025;

– a reduction in overall costs across all Common Terms Deed facilities, resulting in savings of approximately $1.1 million per annum; and

– introduction of a new financier to the Common Terms Deed structure.

“We are thrilled to congratulate HPI on their successful refinancing package. This strategic move not only enhances their financial capacity with an additional $100 million but also brings significant annual savings and a fresh partnership with a new financier. It’s a testament to our commitment at HTL Capital Partners, as experienced finance arrangers and advisers, to support our clients in achieving their financial goals and navigating the complexities of the market.”

— Matthew Wright, Director, HTL Capital Partners

“The refinancing of the debt facility has been a key priority in our capital management initiatives. Following the successful execution of interest rate swaps in July, the terms achieved, and further diversification of our lending group highlight the strong support from lenders for the high-quality assets within the portfolio.”

“The refinancing will further reduce interest costs and improve future distributions to investors. Moreover, it further strengthens the balance sheet by extending debt maturity and providing additional headroom.”

— John White, Managing Director & Chief Executive Officer, Hotel Property Investments