The revolving credit facility will be redrawn down for the purposes of partially financing the proposed acquisitions and fund investments. The manager says it will release an announcement when it occurs.
The REIT’s private placement on Nov 3 raised some $50 million.
On Nov 23, the manager has utilised some $21 million of the private placement to partially finance its proposed acquisitions in Australia and fund investments.
Units in ALOG closed flat at 60.5 cents on Dec 30.
