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Lifestyle Communities Limited (ASX:LIC)

ALERT: Price-sensitive ASX Announcement for LIC
Current share price for LIC : $5.320 0 (0%)+
Announcement
Release
23 Dec 2025 3:14PM
Price at Release
$5.320
Full Release
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Summary
Lifestyle Communities Limited (ASX: LIC) has restructured and right-sized its existing debt facilities to support its growth strategy. The company has introduced a $300 million Note Purchase and Private Shelf Facility with an initial $250 million issuance, and a $125 million Revolving Bank Debt Facility. These facilities will be used to refinance existing debt and provide financial flexibility. The restructuring includes a reset of financial covenants, with changes to the Interest Cover Ratio (ICR) and Loan to Value Ratio (LVR). The Note Purchase Facility, facilitated by PGIM Inc., and the Bank Debt Facility, provided by NAB, aim to simplify the company's financing structure and support its operations amid recovery in the Victorian property market.
Key Points
  • Lifestyle Communities restructures debt facilities.
  • $300 million Note Purchase and Private Shelf Facility created.
  • $125 million Revolving Bank Debt Facility introduced.
  • Debt restructuring provides funding flexibility.
  • No Interest Cover Ratio covenant until June 2028.
  • Facility restructuring aims to simplify financing structure.
  • Financial covenants reset with changes to ICR and LVR.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.