Business Daily Media

The Times Real Estate

.

Wingate: Request for Expressions of Interest - Issue of Debentures

  • Written by PR Newswire

MELBOURNE, Australia, Sept. 26, 2023 /PRNewswire/ -- Win Co-Invest No. 1 Pty Ltd ACN 667 982 943 (the Issuer) proposes to issue up to AUD $200 million fully secured Debentures for subscription by Investors.

The details are as follows:

Issuer

 

Win Co-Invest No. 1 Pty Ltd ACN 667 982 943

 

Principal Amount

 

 

Up to AUD $ 200,000,000, with amounts to be progressively called across the Term as required by the Issuer. The Issuer may accept oversubscriptions in its absolute discretion.

 

Purpose

 

 

The Issuer will invest the proceeds of the Debentures to sub participate in an agreed portfolio (Portfolio) of senior construction loan facilities secured by first-ranking mortgages over real estate assets, including residential apartment and townhouse construction.

 

Term

 

 

Up to 24 months, subject to maturity of the underlying loans in the Portfolio

 

Target Return:

 

 

The Portfolio pre-tax net return (after fees, costs and interest margin share) to the Investors is currently forecast at 12.7% p.a.

The Issuer is seeking expressions of interest from prospective Investors for participation in the proposed Debenture issue to be undertaken in October 2023.

Interested Investors are invited to notify the Issuer of their interest in the Debentures, the scale of their prospective interest in the Debentures and any terms / conditions required in relation to that prospective investment. 

An Investment Summary is available upon request.

Public Offer / Withholding Tax

This notice constitutes an offer to issue debentures or a debt interest for the purposes of, and in accordance with, the "public offer test" in section 128F(3) of the Income Tax Assessment Act 1936 (Cth) (Tax Act).

Investors will be required to make customary representations and warranties about their status to assist the Issuer to demonstrate compliance with section 128F of the Tax Act, including that the Investor is not an "Associate" (as defined in the Tax Act) of the Issuer.

Disclaimer

Nothing in this invitation constitutes a representation by the Issuer or any of its Related Entities (as defined in the Corporations Act 2001) in relation to the issue.  Investors must rely solely on their own investigations and not on any other information provided by the Issuer in making the decision to participate in the Debenture issue.

This invitation is not provided to any person located in a jurisdiction where its provision or dissemination would be unlawful. Any person who receives this invitation in circumstances where receipt of it is unlawful or unauthorised or requires the Issuer to take any additional steps, including registration, must not accept this invitation.

Confidentiality

The information contained in this invitation and any other information provided in relation to the Debenture issue must be kept confidential.

For expressions of interest and further information please contact:

Wingate Property Finance

Attention :Nick Jacobson and Michael Nathan 

WINGATE | Level 48, 101 Collins Street, Melbourne, Vic, Australia 3000

| njacobson@wingate.com.au[1] and mnathan@wingate.com.au |[2] wingate.com.au

References

  1. ^ njacobson@wingate.com.au (www.prnasia.com)
  2. ^ mnathan@wingate.com.au | (www.prnasia.com)

Read more https://www.prnasia.com/story/archive/4220200_AE20200_0

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Launchd Takes Off: Former AFL Stars Lead Tech-Powered Platform Set to Disrupt Talent and Influencer Marketing

Backed by Institutional Capital, Launchd Combines Five Leading Agencies and Smart Technology to Deliver Measurable Results Influencer marketing i...

Meet the Australian fintech unlocking rewards for small businesses

Small businesses make up 98 per cent of all businesses in Australia, yet they continue to bear the brunt of economic uncertainty. According to Credi...

Teleperformance (TP) Business Insights Report Reveals Key Shifts in Consumer Behaviour

TP’s Business Insights report  into consumer behaviors and preferences, taking in more than 57,000 respondents across 19 sectors, is shedding new li...

HubSpot launches platform-wide AI tools to help businesses close the adoption gap

HubSpot today unveiled more than 200 updates across its customer platform to help businesses grow better. The release introduces smarter tools, new AI...

Why Every Leader Needs a Personal Branding Strategy in 2025

One of the best investments you can make in 2025? Your Personal Brand.In today’s competitive and digitally driven business world, authenticity and...

Sell by LayBy