P8 Beveridge Pty Ltd announces the offering of secured loan notes totaling AU $ 13,900,000.

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Melbourne, Australia, December 1, 2021 / PRNewswire / – P8 Beveridge Pty Ltd ACN 623 273 610 is seeking to raise a total of 13,900,000 Australian dollars 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 13,900,000 Australian dollars 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 13,900,000 Australian dollars.

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 25 October 2021 and will guarantee the issuance for progressive draws.

This open letter constitutes an offer of notes 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

P8 Beveridge Pty Ltd ACN 623 273 610

Underwriter and arranger
(Financial)

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

The offer

To subscribe to Loan Notes under the conditions detailed in the transaction documents.

Security and filing

Goal

To refinance the existing secured debt, to pay the costs of civil works and associated consultant fees, compulsory levies, rates and taxes, loan establishment and management costs, line charges and interest .

Settlement date

(Date of subscription)

25 November 2021

Term

12 months.

Instrument type

Senior Loan Notes

Issue amount

Loan notes of A $ 6,736,365 drawn on the first day and A $ 7,163,635 progressively drawn.

Loan to value ratio

Not exceeding 75% of the assessed property value

Interest rate and line charges

7% per year accumulated within the facility and compounded monthly, 2.75% line charges and exit charges ensuring an IRR of 11.5% per year

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.

Restrictions in 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 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 principal. arranger.

SOURCE Banner Capital Management Limited


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