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BRIEF-Viva Energy REIT announces acquisition of 8 service station properties
June 21, 2017 / 11:58 PM / 3 months ago

BRIEF-Viva Energy REIT announces acquisition of 8 service station properties

June 22 (Reuters) - Viva Energy REIT Ltd:

* Acquisition of 8 service station properties for a purchase price of $89.1 million

* $80 million fully underwritten institutional placement and a non-underwritten security purchase plan (‘SPP’) of up to $10 million to follow

* Revised distributable earnings per security guidance for year ending 31 December 2017 of 13.2 cents

* Proposed equity raising and acquisitions since ipo are expected to generate accretion to FY18 distributable earnings per security

* Recently secured an additional $60 million, three year bilateral debt facility from an existing lender Source text for Eikon: Further company coverage:

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