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How Iris Cairns Secured Funding to Extend Reef Casino Trust Takeover Bid

2:12pm on Friday 6th of February, 2026 AEDT Real Estate Investment Trusts
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How Iris Cairns Secured Funding to Extend Reef Casino Trust Takeover Bid

2:12pm on Friday 6th of February, 2026 AEDT
Key Points
  • Iris Cairns enters syndicated facility agreement with global investment manager
  • Funding secured to cover full $3.87 per unit takeover offer for Reef Casino Trust
  • Offer period to be extended pending Queensland gaming regulatory investigations
  • Major unitholders maintain position on withdrawal rights amid offer extension
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