Macquarie Leisure Trust Sells $11 Million in Assets
The Exchangeable Notes have been issued to facilitate funding within the MLE Group and to strengthen the balance sheet of Macquarie Leisure Operations Limited. Further Notes may be issued in the future to assist with intra-group capital management.
The Notes are a non-cumulative subordinated instrument that may be redeemed for value or exchanged into MLE stapled securities only at the option of the MLE Group issuer. There is no intention to issue Exchangeable Notes outside the MLE Group.
The Constitution of Macquarie Leisure Trust has been amended to facilitate the issue of the Exchangeable Notes.
