CLW Implementation of new $2.0 billion secured debt platform
| Stock | Charter Hall Long Wale REIT (CLW.ASX) |
|---|---|
| Release Time | 10 Jun 2026, 8:22 a.m. |
| Price Sensitive | Yes |
CLW Announces New $2.0 Billion Secured Debt Platform
- Completed refinance of balance sheet, replacing unsecured debt with secured debt
- New platform extends debt maturity by 1.6 years to 4.3 years
- Improved financial flexibility with reduced credit margins by 20 basis points
- Reiterated FY26 EPS and DPS guidance of 25.5 cents per security
- Full year financial results to be reported on August 13, 2026
Charter Hall Long WALE REIT (ASX:CLW) has completed a comprehensive refinance of its balance sheet, establishing a new $2.0 billion secured debt platform. This refinance replaces the existing unsecured debt with a secured debt platform, diversified across ten lending counterparties. The new platform fully refinances all existing balance sheet debt and extends the weighted average debt maturity by 1.6 years to 4.3 years. The refinance also delivers greater financial flexibility, with greater covenant headroom and a reduction in credit margins by approximately 20 basis points. CLW continues to target a balance sheet gearing range of between 25% to 35%. The company reiterated its FY26 EPS and DPS guidance of 25.5 cents per security.
FY26 EPS and DPS guidance of 25.5 cents per security
CLW is undervalued by the market given the quality of its portfolio, long WALE with leases to blue chip tenants and strong annual rental growth.