Chevron Apartments Pty Ltd Announces Offer of Secured Loan Notes Totaling AU $ 231,110,414

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Melbourne, Australia, December 1, 2021 / PRNewswire / – Chevron Apartments Pty Ltd ACN 620 459 118 is seeking to raise a total of AUD $ 231,110,414 into funds through the issuance of loan notes, according to an announcement made today by underwriter Banner Capital Management Limited (the Arranger / Subscriber). The show includes gradually drawn notes as detailed below.

Here is the text of the ad:

Banner Capital Management Limited as arranger and underwriter today announced that the issuer seeks to raise AUD $ 231,110,414 by way of an offering of a series of Bonds (in the form of Debt Notes) for the purposes set out below.

Loan notes (the Remarks) on issue represent a commitment of up to AUD $ 231,110,414.

The offer is made to investors who qualify as “wholesale investors” within the meaning of the Corporations Act 2001 (Cth). The underwriter has agreed to initially subscribe to the Notes issued on November 26, 2021 and will guarantee the issuance for progressive draws.

This open letter constitutes an offer of tickets for the purposes of the “public offer test” of Section 128F (3) (d) of the Income Tax Assessment Act, 1936 (Cth), with a view to exemption from withholding tax on Australian interest.

Financiers and those engaged in dealing in Debentures, or buying and selling Loan Notes or other indebtedness and who are interested in subscribing to the Notes will be required to provide customary representations, warranties and information. on their status, in order to help the Issuer must demonstrate that it complies with Article 128F of the Income Tax Assessment Act (Cth).

KEY FEATURES OF THE OFFER

Transmitter

Chevron Pty Ltd Apartments ACN 620 459 118

Underwriter and arranger

(Financial)

Banner Capital Management Limited ACN 600 738 181 as Trustee of
Banner Wholesale Fixed Income Fund

The offer

Subscribe Notes to the conditions detailed in the transaction documents.

Security and filing

– First mortgage registered on the project properties located at
36-46 Stanhill Drive, Chevron Island, Queensland 4217

– Corporate and personal guarantees

– General security on the Issuer

– Act on the constructor side.

Goal

To refinance existing secured debt, pay construction costs and
associate consultant fees, statutory levies, rates and taxes, sales,
marketing and rental costs, loan establishment and management costs,
line charges and interest.

Settlement date (date of
Subscription)

November 26, 2021

Term

36 months.

Instrument type

Senior Loan Notes

Issue amount

Loan notes of $ 35,385,000 A drawn on the first day and $ 195,725,414 A
gradually drawn.

Loan to value ratio

Not exceeding 73.1% of the estimated value of the property

Interest rate and line
Costs

5% per year accumulated within the facility and compounded monthly

Line charge of 1% per year accumulated in the installation and compounded
monthly

Transferability

The Notes are freely transferable without the consent of the Issuer

Applicable right

Victoria, Australia

Those wishing to invest will undertake to finance the issuance of Notes under the Facility in accordance with a detailed drawing schedule and subject to certain conditions.

The Issuer reserves the right, at its sole discretion, to modify the conditions set out above and to accept or reject any offer. This offer will expire on June 30 2022.

Restrictedin some jurisdictions, including Australia

The distribution of this announcement and the offering and sale of the Notes in certain jurisdictions may be restricted by law. This message does not constitute an offer, invitation or solicitation to participate in the offer and to issue tickets in any jurisdiction where, or to any person or entity to whom, it would be illegal to make any such offer, invitation or solicitation. .

This message is not a prospectus or an information document and it has not been filed with the Australian Securities & Investments Commission under Chapter 6D of the Corporations Act 2001 (Cth) (Corporations Act). The Notes offer is only available to domestic and foreign investors qualified as “professional investors” or “sophisticated investors” within the meaning of the Companies Act (Wholesalers Investors). By accepting the offer, a recipient declares that they are a wholesale investor. No Notes will be issued or sold in circumstances which would require the delivery of a disclosure document under Chapter 6D of the Corporations Act.

The notes referred to in this message have not been and will not be registered under the US Securities Act of 1933, as amended (Securities Act), or with any securities regulatory authority of any state or other jurisdiction of United States and may not be offered, sold or delivered within United States or to, or on behalf of or for the benefit of, persons in the United States (as defined in Regulation S under the Securities Act), except by virtue of an exemption or in connection with a transaction not subject to the requirements Securities Act registration and applicable state securities laws. There will be no public offering of the Securities mentioned in this message in United States.

About the banner

Banner Capital Management Limited is an Australian-based alternative asset manager specializing in actively managed real estate debt and providing attractive risk-adjusted returns to its investors since 2012. It underwrites loan note issues of which it is the arranger.

SOURCE Banner Asset Management


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