Australian Unity’s $1.5 billion Healthcare Property Trust refinanced its debt facility.

Planum Partners worked closely with Australian Unity to negotiate and secure an innovative refinancing, raising a further $320 million in debt funding to support the progress of the fund’s $550 million development pipeline and lay the groundwork for further growth and expansion.

The new $740 million facility replaced the existing $420 million facility and results in an extension of the HPT’s loan term to a minimum of five to seven years. It includes existing lenders ANZ, Westpac and NAB, as well as new non-bank lender, AustralianSuper.