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US Masters Cuts Tangible Net Worth Covenant Amid Loan Reduction
9:28am on Monday 5th of May, 2025 AEST
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Real Estate
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US Masters Cuts Tangible Net Worth Covenant Amid Loan Reduction
9:28am on Monday 5th of May, 2025 AEST
Key Points
TNW covenant reduced from US$250 million to US$104.5 million
Amendment effective from 3 May 2025
TNW covenant now decreases pro rata with loan principal reductions
Reflects Group’s ongoing sales strategy
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US Masters Residential Property Fund (ASX:URF)
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