Westfield secures restructure funds

Shopping centre group obtains $22bn of debt facilities for planned restructure.

Westfield Group (WDC) has obtained the debt financing it needs for its restructure, entering into $22 billion of funding commitments.

The shopping centre group said the funding commitments include $14 billion of two-year bridge facilities, with an option to extend by a further 12 months.

They also include $8 billion of two- to six-year bank facilities.


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